In a situation where Terry represents seller Farrah, and Michael represents troy, the buyer, then, Troy and Farrah are the principals of the transaction. Therefore, the option C holds true.
A principal for a transaction can be referred to or considered as a person who is the main party involved in a transaction. In case of a representor, the person being represented is considered as the principal for the transaction that takes place.
Therefore, the option C holds true and states regarding the significance of principal.
Learn more about a principal here:
https://brainly.com/question/28260392
#SPJ4
The question seems to be incomplete. It has been added below for better reference.
Terry represents seller Farrah, and Michael represents troy, the buyer. Who is (or are) the principal(s) in this transaction?
A. Michael and Troy
B. Terry and Troy
C. Troy and Farrah
D. Farrah and Michael
