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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.

The major parties to an agency relationship are the

A. bailee and bailor
B. principal and the creditor
C. principal and the agentCorrect
D. shareholder and creditor

Explanation

The agent and his principal are the major party in an agency relationship.

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