Asked by
Jeremiah Franklin
on Nov 30, 2024
Verified
In some states, the authority of an agent to sell land must be in writing and signed by the principal.
Authority Of An Agent
The legally bestowed power an agent has to act on behalf of another person or entity, often defined by a contract or law.
Signed By The Principal
An act where the main party in a transaction or legal document formally endorses it, validating its terms or agreement.
- Understand the prerequisites for agency agreements, highlighting the importance of having written contracts under specific conditions.
Verified Answer
AB
Learning Objectives
- Understand the prerequisites for agency agreements, highlighting the importance of having written contracts under specific conditions.