Which of the following is not an essential element of an agency relationship?
A. It must be created by contract.
B. The agent must be subject to the principal's control.
C. The agent is a fiduciary in respect to the principal.
D. The agent acts on behalf of another and not himself or herself.
Answer: A. It must be created by contract.
Business
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Fill in the blanks with correct word.
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Indicate whether the statement is true or false
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