Whenever the agent's duties to the principal conflict with the agent's own interests:
A) the agent automatically is regarded as having breached the duty of loyalty.
B) the agent must disclose such facts to the principal,or be in violation of the duty of loyalty.
C) there is no duty of disclosure if the agency is gratuitous.
D) the agent must resign immediately.
Correct Answer:
Verified
Q23: When an agent buys for the principal
Q24: A gratuitous agent is one who:
A)freely substitutes
Q25: When a principal breaches a duty owed
Q26: When an agent's breach of duty causes
Q27: A person may act as a dual
Q29: Jeff,as agent,is paid $5,000 owed by a
Q30: An "agency at will" means that:
A)each party
Q31: Under the "procuring cause" rule,when the agent
Q32: When an agent breaches a duty owed
Q33: When an agreed-on result is obtained by
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