An agent who enters into a contract with a principal has two (2)distinct obligations: (1)to perform the lawful duties expressed in the contract; and (2)to meet the standards of reasonable care,skill,and diligence implicit in all contracts.

Question

Quizplus · Accepted Answer

This statement accurately reflects the obligations of an agent in a contract with a principal. The agent must not only perform the duties outlined in the contract but also uphold a standard of reasonable care, skill, and diligence expected in all contracts.

An Agent Who Enters into a Contract with a Principal