When agents make advances from their own funds in conducting the principal's business,the principal:
A) has no duty to reimburse the agent because the agent has assumed the burden.
B) has a duty to reimburse the agent for expenses incurred for the principal.
C) has a duty to reimburse the agent even if the agent is not acting within the scope of his/her authority.
D) has no duty to reimburse the agent because the agent commingled fungible goods.
Correct Answer:
Verified
Q11: Termination of an agency based on race,religion,national
Q17: The duty of the principal to keep
Q18: The legal effect of the agent's action
Q19: The agent does not have to inform
Q20: Distributors are usually compensated through the payment
Q22: When one party exercises the power to
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
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