Which of the following is correct with respect to an agent's performance of his or her duties?
A) The agent must never compete with the principal.
B) The agent must never take advantage of the third party.
C) The principal need not reimburse the agent for any reasonable expenses incurred in the process of performing the agency responsibilities.
D) When an agent fails to act in the best interest of the principal and is an independent contractor,this is just cause for constructive dismissal.
E) The agent may profit at the expense of the principal if the agent acquires some previously unknown information.
Correct Answer:
Verified
Q70: Identify the true statement concerning the law
Q71: Which of the following is a true
Q72: Generally,a third party is bound to the
Q75: A real estate agent,without disclosing the fact
Q76: Joe is in the process of assembling
Q78: The fiduciary duty of an agent refers
Q79: Information that comes to the agent because
Q151: List three duties that an agent has
Q162: Explain what is meant by an agent's
Q180: "An agent is free to withhold information
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents