Multiple choice

The relationship of principal and agent may arise by

  1. express or implied agreement

  2. ratification

  3. operation of law

  4. all of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

An agency relationship can be formed through express or implied agreement (contract), by ratification (principal approves unauthorized acts after the fact), or by operation of law (necessity, estoppel, co-habitation). All three are recognized methods under agency law.

Keep practicing — related questions