Which of the following is true if a principal and an agent have no agreement regarding the amount for which the principal will compensate the agent?
A) A court will assume that the agent agreed to work on a gratuitous basis.
B) The agent will be allowed to set the price that a court will enforce unless it is unconscionable.
C) The principal will be allowed to set the price that a court will enforce unless it is unconscionable.
D) A court will appoint a magistrate to set the price.
E) A court will calculate compensation according to the customary fee in the situation.
Correct Answer:
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