A power given as security creates a relationship of agency and actual authority.
Correct Answer:
Verified
Q23: All independent contractors are agents, but not
Q24: If Elizabeth, agent for Wade, finds out
Q25: If an agent receives a gift from
Q26: The power of a gratuitous agent to
Q27: The principal has a duty to indemnify
Q29: Agents and principals have mutual fiduciary duties
Q30: The appointment of an agent by a
Q31: The principal has the duty to provide
Q32: Whether an agency relationship has been created
Q33: Agency relationships are governed primarily by federal
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