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JAMB Commerce 2011 Paper
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© 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.
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