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

Question

Quizplus · Accepted Answer

As a sales agent, Linton has a fiduciary duty to keep Nancy's funds separate from his own. Mixing client funds with personal funds, even with accurate records, is considered commingling and is unethical and often illegal in business practices.

Linton, as a Sales Agent for Nancy, May Keep the Money