When an agent negotiates a contract between a principal and a third party,the agent acquires no rights or duties under the contract.

Question

Quizplus · Accepted Answer

This is because the agent is acting as an intermediary and facilitating the agreement between the principal and third party, but they are not a party to the contract themselves. Therefore, they do not acquire any rights or duties under the contract.

When an Agent Negotiates a Contract Between a Principal and a Third