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Desolo Desolo
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11 years ago
Helga owns a piece of real estate. She goes to Stranton Lace Bank to obtain a loan against the property. The bank makes the loan but requires Helga to sign a mortgage pledging the property as collateral for the loan. The mortgage agreement appoints the bank as Helga's agent. If Helga defaults on her payments, the agreement permits the bank to sell the property and recover the amount of the loan from the sale proceeds. What kind of agency exists between Helga and the bank?
A) agency coupled with an interest
B) apparent agency
C) agency by ratification
D) incidental agency

This is for my business law class, anything will help
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bbbbbb
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11 years ago
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Desolo Author
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#2
11 years ago
Thanks for tackling this question bbb
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