A major duty of principals to their agents is to indemnify them under most circumstances for liabilities incurred in completing the purpose of the agency.

Question

Quizplus · Accepted Answer

Indemnification is a major duty of principals to their agents, which means compensating or reimbursing them for any losses, damages or liabilities suffered while completing the purpose of the agency. However, there may be certain exceptions or limitations to indemnification based on the terms of the agency contract, applicable laws or the fault of the agent.

A Major Duty of Principals to Their Agents Is to Indemnify