Agency Function

Anonymous
timer Asked: Oct 23rd, 2013
account_balance_wallet $5

Question Description

Chapter 5 states “…without the law of agency, corporations could not function at all.” Share an example not given in the textbook that proves this statement correct. •Outline the advantages and disadvantages of the various types of agency relationships.

Tutor Answer

duingpung
School: Boston College

Agency laws consist of all the rules, recognized and enforced by society, whereby one person acts for another. Without the body of agency law, every person would have to act directly for him/herself and could not send a representative, a salesman, or a messenger.

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Anonymous
awesome work thanks

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