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The major parties to an agency relationship are the?

The major parties to an agency relationship are the?
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A Principal and the creditor
  • B Bailee and the bailor
  • C Principal and the agent
  • D Shareholder and the creditor
Correct Answer: Option C
Explanation:
This is a business relationship where a principal gives legal authority to an agent to act on the principal's behalf when dealing with a third party.

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