The indemnity a principal ordinarily owes to an agent extends to:
A) all payments made, expenses incurred and liabilities assumed as a necessary result of carrying out the instructions of the principal.
B) all of the agent's business expenses.
C) all of the expenses and liabilities of the agent however they arise.
D) all payments made and expenses and outlays incurred while the agent is carrying out the instructions of the principal, but not liabilities to third parties.
Correct Answer:
Verified
Q33: An agent in Queensland who fails to
Q34: Which of the following circumstances is not
Q35: If a principal's instructions are vague or
Q36: The agent's duty of confidentiality is a
Q37: The agent has a duty to pass
Q39: An agent must keep the funds of
Q40: An agent who does something that they
Q41: A mercantile agent is an agent who:
A)is
Q42: A del credere agent:
A)agrees to indemnify the
Q43: Authority by ratification exists if the principal:
A)authorises
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