An agent has a duty to notify the principal of information he or she learns from a third party if that information is important to the principal.

Name: An agent has a duty to notify the principal of information he or she learns from a third party if that information is important to the principal.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

As part of their fiduciary duty, an agent is required to communicate important information to the principal. This includes any information that is learned from a third party. Therefore, the statement is true.

An Agent Has a Duty to Notify the Principal of Information