If price is important, a _______ channel is better

_________: Defines acceptable behavior as that which maximizes consequences for individual. Doing right thing = doing what promotes greatest good for self. If everyone follows, well-being of society should increase

Fill in the blank(s) with the appropriate word(s).

Which of the following is not a common law method of creating an agency relationship?

a. by Express agreement b. by necessity c. by ratification d. by estoppel