Insuring an agent against losses suffered during the course of authorized transactions is part of the principal's:

Question

Quizplus · Accepted Answer

The duty to indemnify refers to the principal's obligation to compensate and protect the agent against losses or damages suffered while acting within the scope of their authority. This duty is usually outlined in the agency agreement or contract between the principal and agent. The other options are not directly related to the principal's obligation to compensate the agent for losses incurred during authorized transactions.

Insuring an Agent Against Losses Suffered During the Course of Authorized