Which of the following duties does an agent owe to the principal?
A) reimbursement for expenses
B) compensation
C) indemnification
D) loyalty

Question

Quizplus · Accepted Answer

An agent owes loyalty to the principal, meaning that they must act in the best interest of the principal and not pursue their own personal interests. Reimbursement for expenses and compensation may be part of the agreement between the agent and principal, but they are not inherent duties. Indemnification may also be included in the agreement, but it is not a universal duty of the agent to the principal.

Which of the Following Duties Does an Agent Owe to the Principal