D is corrent. The relationship between a principal and agent is based upon the consent of both parties involved. Consent means that each party intended for an agency relationship to exist.
A is incorrect. Although the principal and agent relationship may be written, a written agreement is not required.
B is incorrect. Specified consideration is not needed to create an agency relationship; the relationship between the principal and the agent is not contractual.
C is incorrect. Power of attorney is not needed to create an agency relationship.
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