Asked by
Brennen Bender
on Nov 30, 2024
Verified
An agency contract appointing the agent for a period of more than one year must be in writing.
Agency Contract
A legal agreement where one party, the agent, acts on behalf of another party, the principal, in business transactions.
More Than One Year
Typically refers to obligations or assets that have a life or duration longer than one year from the current date.
- Comprehend the requirements for agency contracts, including the necessity for written contracts in certain circumstances.
Verified Answer
GF
Learning Objectives
- Comprehend the requirements for agency contracts, including the necessity for written contracts in certain circumstances.