Principle of agency - SS2 Commerce Past Questions and Answers - page 1
1
What is the primary duty of an agent towards the principal?
A
Compensation
B
Diligence
C
Control
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2
Which right of the agent allows them to expect reimbursement for necessary expenses?
A
Indemnification
B
Control
C
Cooperation
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3
What is the principal's right to direct the actions of the agent called?
A
Control
B
Diligence
C
Loyalty
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4
Which duty of the agent requires them to act in the best interests of the principal?
A
Control
B
Loyalty
C
Indemnification
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5
Which right of the principal ensures that the agent acts honestly and in good faith?
A
Control
B
Compensatiom
C
Good Faith
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6
Name one right of the agent in the principal-agent relationship.
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7
What is one duty of the principal towards the agent?
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