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An agency contract must involve

An agency contract must involve
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A A principal and a consumer
  • B A principal and an agent
  • C A principal and a producer
  • D A principal and a third party
Correct Answer: Option B
Explanation:
An agency contract is an agreement in which an agent is authorized to act on behalf of a principal. The agent may negotiate or enter into transactions for the principal within the authority given.

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