Rec Sec 19

Question 1

Agent agreement in writing
Hiring a an agent
To form an agency

Answer 1

General agency relationship is not required to be in writing and any activity less than a year isn’t required to be in writing.

the agent is obligated to act solely on the companies best interest.

Forming an agency, the agency must possess contractual capacity.

Question 2

Ratification

Answer 2

occurs when an agent act without authority