Page 1 of 101 BUSINESS LAW EXAM 2025 - 2026 SOLVED QUESTIONS & ANSWERS VERIFIED 100% GRADED A+ (LATEST VERSION) WELL REVISED AND HIGHLY RECOMMENDALE 100% GUARANTEE PASS An agency relationship can be created by a. actual authority b. estoppel c. ratification d. apparent authority e. all of the above e Which of the following statements is true with regard to an agents duties a. a real-estate agent may buy property from a third party if it is at a good price and then sell the property to his principal at a higher price b. an agent is not entitled to the agreed-upon commission and reasonable expenses undertaken on behalf of his principal in carrying out his duties c. an agent cannot act for two principals even with the knowledge and consent of those principals d. an agent msut always scrupulously account for the money coming into her hands on behalf of his principals e. an agent need not disclose all relevant information to the principal d Sam hires Joe to negotiate and sign a contract with Ken on Sams behalf. Which of the following is true a. If Joe acts outside his express authority and negotiates and signs the