B is corrent. The relationship between a principal and agent is based upon the consent of both parties, also involving a meeting of the minds.
A is incorrect because specified consideration is not needed to create an agency relationship; the relationship between the principal and the agent need not be contractual.
C is incorrect because a state filing is not needed to create an agency relationship.
D is incorrect because although the principal and agent relationship may be written, a written agreement is not required.
|
