Henry is a sales agent for Nancy. He may keep the money for Nancy's business sales in his personal bank account until the end of the month, when it is due to her as long as he keeps accurate records of the amounts he must separate out to pay to her.

Question

Henry is a sales agent for Nancy.  He may keep the money for Nancy's business sales in his personal bank account until the end of the month, when it is due to her as long as he keeps accurate records of the amounts he must separate out to pay to her.

Quizplus · Accepted Answer

As a sales agent, Henry has a fiduciary duty to handle Nancy's money with care, which typically includes keeping it separate from his personal funds to avoid commingling and potential misuse.

Henry Is a Sales Agent for Nancy