Asked by
Saarugen Linges
on Nov 30, 2024
Verified
Whether an agency relationship has been created is determined by using a subjective test.
Subjective Test
A method of assessment where outcomes are influenced by the perspectives, interpretations, or judgments of the evaluator.
Agency Relationship
A relationship in which one party (the agent) agrees to act for or on behalf of another party (the principal), typically in business transactions.
- Grasp the conditions under which an agency relationship is established and terminated, including the role of law in such processes.
Verified Answer
BD
Learning Objectives
- Grasp the conditions under which an agency relationship is established and terminated, including the role of law in such processes.