The ________ is principal's duty to cover the agent for any losses the agent suffers because of the principal's conduct.

Question

Quizplus · Accepted Answer

The duty to indemnify refers to the principal's obligation to cover any losses or damages suffered by the agent as a direct result of the principal's conduct. This can include legal fees, judgments, or settlements. The duty to cooperate refers to the obligation of both parties to work together in good faith, while the duties to compensate and reimburse both relate to payment for the agent's services or expenses. None of these duties specifically address the issue of losses suffered by the agent due to the principal's actions.

The ________ Is Principal's Duty to Cover the Agent for Any