In the case where landlords require tenants to pay security deposits:
A)the landlord is the agent and the tenant is the principal
B)the landlord is the principal and the tenant is the agent
C)both the landlord and the tenant are agents
D)both the landlord and the tenant are principals

Question

Quizplus · Accepted Answer

The landlord is the principal because they are the one who is hiring the tenant to live in their property. The tenant is the agent because they are the one who is acting on behalf of the landlord.

In the Case Where Landlords Require Tenants to Pay Security