Question: Question 3 'Authority' is an important element in an agency relationship. Without authority a principal cannot be held liable for a transaction completed on his

Question 3 'Authority' is an important element in

Question 3 'Authority' is an important element in an agency relationship. Without authority a principal cannot be held liable for a transaction completed on his behalf. Please discuss the meaning of the authority and how an agent obtains his authority in an agency relationship. (20 mark) Please write the key points thank you

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