The doctrine of respondeat superior applies to independent contractors. True False Which of the following is the most accurate statement? Common law contracts and agency agreements require capacity of both parties to be valid Common law contracts and agency agreements both require mutual assent Common law contracts and agency agreements must both satisty the statute of frauds O Common law contracts and agency agreements require consideration to be valid The owners of the limited liability company are called partners. True False Which of the following would be the best example of adequate consideration for a contract? if you are a thoughtful and kind person A promise to forgive a past debt O A promise to pay you back for buying dinner yesterday O A promise to pay you $100 if you mow my lawn