Principle of agency - SS2 Commerce Past Questions and Answers - page 1
What is the primary duty of an agent towards the principal?
Â
CompensationÂ
Diligence
ControlÂ
Which right of the agent allows them to expect reimbursement for necessary expenses?
Â
Indemnification
ControlÂ
CooperationÂ
What is the principal's right to direct the actions of the agent called?
Â
Control
Diligence
LoyaltyÂ
Which duty of the agent requires them to act in the best interests of the principal?
Â
Control
Loyalty
Indemnification
Which right of the principal ensures that the agent acts honestly and in good faith?
Â
ControlÂ
Compensatiom
Good Faith
Â
Name one right of the agent in the principal-agent relationship.
Â
What is one duty of the principal towards the agent?Â
Â
Loading lesson…