Which of the following statements regarding agency law is correct?
A、An agent may not enforce a contract that they helped to form B
A、principal may sue their agent if the third party is in breach of contract C
A、third party and principal do not need be in direct contact for a binding contract between them to be formed
A、An agent may not enforce a contract that they helped to form B
A、principal may sue their agent if the third party is in breach of contract C
A、third party and principal do not need be in direct contact for a binding contract between them to be formed
【参考答案及解析】
Only the principal and third party have rights and obligations under a contract formed under an agency relationship. Direct contact between them is not required to form a binding contract, the agent acts as a 'middle man' between them.
Only the principal and third party have rights and obligations under a contract formed under an agency relationship. Direct contact between them is not required to form a binding contract, the agent acts as a 'middle man' between them.