JAMB Commerce 2011 Objective — Question 39
Question 39 of 49 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2011 Objective paper, with the correct answer and a full explanation.
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The major parties to an agency relationship are the A. bailee and bailor B. principal and the creditor C. principal and the agent D. shareholder and creditor
- A. A. bailee and bailor
- B. B. principal and the creditor
- C. C. principal and the agentCorrect
- D. D. shareholder and creditor
Explanation
The agent and his principal are the major party in an agency relationship.
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