1) There are several requirements for creating an agency relationship

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1) There are several requirements for creating an agency relationship. In general, which of the following is NOT a requirement

(A) The agent and principal mutually consent that the agent will act on behalf of the principal

(B)  The appointment of the agent must be in writing.

(C) The agent and principal create a fiduciary relationship. 

(D) The agent be subject to the principal's control

2)  A rescission usually occurs when each party commits a serious breach of contract that undermines the value of the contract to the other party

True

False

3)  Principal alchard is ordered to pay a third party for damages caused by his agent Locke, Blanchard, however, feel that the injury to the third party was entirey Locker faut What legal concept may give Blanchard the right to recover money from Lockey

A) Ratification authority

B) The equal dignities rule

C) Borrowed Servant doctrine

D) indemnification

4)  A contract is not ential in order to run any relationship

True

False