Multiple choice

The usual form of contract of agency is by way of a/an _____________.

  1. power of attorney

  2. indemnity bond

  3. guarantee bond

  4. None of these
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A Correct answer
Explanation

Agency law refers to the relationship between a person, or “agent”, that acts on behalf of another person, company, or government, usually called the “master” or “principal". This form of agency can be, and often is, enforced by written agreements made through a power of attorney.

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