Which of the following is true if there is no agreement betweena principal and an agent regarding the amount for which theprincipal will compensate the agent?a. It will be assumed that the agent agreed towork for free on a gratuitous basis.b. The principal will be allowed to set theprice which will be enforced unless it is unconscionable.c. The court will appoint a magistrate to set theprice.d. Compensation will be calculated according tothe customary fee in the situation.