Question 11 (1 point) Identify the true statement concerning the law of principal and agent O a) The principal and his agent owe each other the same duties b) An agent with no express authority can never band his principal into a contract with a third party. An agent can never be liable to the third party himself while the principal will bear no sach liability d) Agency is only created by way of a contract e) An agent who puts himself in a position where his interests conflict with those of his peincipal is in breach of his duties even though no actual harm comes to the principal