An agency relationship could be created by all of the following EXCEPT

A. court order.
B. verbal agreement.
C. implication.
D. ratification.

Answer: A. court order.

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While signing a contract, one of the parties misinterpreted a legal clause. Neither of the parties is a legal professional. Which of the following statements holds well in this scenario?

A) The party who misinterpreted the law is actionable for fraud. B) The party who misinterpreted the law may rescind the contract. C) The party who misinterpreted the law is not actionable for fraud. D) The contract is declared unenforceable as the law has been misinterpreted.

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Formal rulemaking is known as the "lifeblood of the administrative process."

a. True b. False

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