A. a principal and a consumer B. a principal and a producer C. a principal and a third party D. a principal and an agent
Correct Answer: D
Explanation
An agency contract involves the principal and the agent. The principal-agent relationship is an arrangement in which one entity legally appoints another to act on its behalf. In a principal-agent relationship, the agent acts on behalf of the principal and should not have a conflict of interest in carrying out the act.
