Which of the following statements is true of contracts of agency?
A) The legal requirements to be an agent are always the same in all states.
B) Corporations cannot act as agents in contracts of agency.
C) Every agent must possess a valid license that authorizes him to act as one.
D) All people legally competent to act for themselves may act through an agent.

Question

Quizplus · Accepted Answer

All legally competent individuals can appoint agents to act on their behalf, provided the agent is also legally competent.

Which of the Following Statements Is True of Contracts of Agency