Africa Exams
Your Academic Best Friend Across Africa
Home
Ghana
Ghana BECE Exams
Kenya
Kenya KCPE Papers
Kenya KCSE Papers
Kenya KASNEB Papers
Nigeria
WAEC Exams
JAMB Exams
Rwanda
Rwanda Primary Papers
Rwanda Secondary Papers
Uganda
Uganda PLE Papers
Uganda UCE Papers
Uganda UACE Papers
More
About
Contact Us
Our Apps
Privacy
Test Index
JAMB Commerce 2011 Paper
Show Para
Hide Para
Share question:
© africaexams.com
Question : 38
Total: 49
The major parties to an agency relationship are the?
principal and the creditor
bailee and the bailor
principal and the agent
shareholder and the creditor
Validate
Solution:
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.
© africaexams.com
Go to Question:
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
Prev Question
Next Question