Which of the following statements is true with regard to an agent's duties?
A) A real-estate agent may buy property from a third party if it is at a good price and then sell the property to his principal at a higher price.
B) An agent is not entitled to the agreed-upon commission and reasonable expenses undertaken on behalf of his principal in carrying out his duties.
C) An agent cannot act for two principals even with the knowledge and consent of those principals.
D) An agent must always scrupulously account for moneys coming into his hands on behalf of his principal.
E) An agent need not disclose all relevant information to the principal.
Correct Answer:
Verified
Q18: Chris was a systems analyst hired to
Q19: Which of the following is correct with
Q20: An agent contracted with a third party
Q21: Which of the following is a violation
Q22: With respect to the formation of agency
Q24: Grant got a job with Ace Computers
Q25: Which of the following is true with
Q26: Which of the following is correct with
Q27: Identify the true statement concerning the law
Q28: Sole proprietors can look only to their
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents