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MEE - Agency & Partnerships > 1. Formation Of Agency > Flashcards

1. Formation Of Agency Flashcards

1
Q

What is required for agency agreements?

A

1) Parties’ consent (express/implied)
2) On behalf of Principal
3) Principal’s control (specified task)

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2
Q

Is agency agreement required in writing?

A

Agency law
- NO

Statute of Frauds
- Maybe

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3
Q

Does agency agreement require consideration?

A

NO

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MEE - Agency & Partnerships (13 decks)

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