Principals often create agency relationships to give __________ the power to enter into contracts with third parties that are legally binding on the principal.
A) agents
B) conduits
C) workers
D) None of the choices are correct.

Question

Quizplus · Accepted Answer

Agents are given the power by principals to enter into contracts with third parties that are legally binding on the principal, creating an agency relationship.

Principals Often Create Agency Relationships to Give __________ the Power