Agency
What distinguishes an 'express' agency from an 'implied' agency?
AExpress agency is created by law; implied agency is created by written contract
BExpress agency is created by explicit agreement (oral or written); implied agency is inferred from the conduct of the parties✓ Correct
CExpress agency is only for buyers; implied agency is only for sellers
DThey are legally identical
Explanation
An express agency arises from an explicit agreement between principal and agent (written or oral). An implied agency arises from the actions, conduct, and circumstances of the parties even without a formal agreement.
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