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There are three types of business agency relationships, including: _______. (Check all that apply.)
principal-agent
employer-employee
employer-independent contractor
offeror-offeree
payor-payee

Respuesta :

Business agency relationships can be divided into three categories, including:

  • principal-agent
  • employer-employee
  • employer-independent contractor

What does a commercial agency relationship entail?

The principle and the agent are parties to an agency relationship when the principal grants the agent the authority to act just on principal's behalf. Agents in this kind of connection must not have any potential conflicts when carrying out any tasks that the principals assign them.

When one individual behaves on behalf of another and can enter into legal agreements on the principal's behalf, there is a fiduciary and mutually beneficial relationship between the two parties. It could be a professional or social connection.

What kinds of partnerships between agencies exist?

Examples of Agency Relationships

  • a real estate agent.
  • retaining legal counsel for legal work
  • contracting a professional to make home repairs.
  • engaging a financial advisor.
  • a connection between a client and an insurance agent.
  • purchasing and selling items on websites like eBay and Marketplace.

Learn more about Agency Relationships: https://brainly.com/question/15129864

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