Asked by
Halei Nesbitt
on Nov 10, 2024
Verified
If an agency agreement lacks consideration, any agreement the agent enters into on the principal's behalf will be void.
Consideration
The value (such as money, services, or goods) that is exchanged between parties in a contract.
Void
A term describing a contract or legal action that is null, having no legal force or effect from the outset.
- Comprehend the legal structure surrounding agency contracts, including necessary conditions for their legitimacy.
Verified Answer
HS
Learning Objectives
- Comprehend the legal structure surrounding agency contracts, including necessary conditions for their legitimacy.