All of the following statements about the rules governing agency relationships are true EXCEPT

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All of the following statements about the rules governing agency relationships are true EXCEPT

Options

A) An agent must be authorized to act on behalf of a principal.
B) An agency agreement may grant certain powers to the agent as well as denying the agent other powers.
C) The principal is responsible for the acts of agents only if the acts are criminal.
D) Knowledge of the agent is presumed to be knowledge of the principal with respect to matters within the scope of the agency relationship.

Answer: C) The principal is responsible for the acts of agents only if the acts are criminal.

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