Which of the following is correct with respect to an agent's performance of his duties?
A) 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.
B) The agent must never take advantage of the third party.
C) The agent may profit at the expense of the principal, if the agent comes into some previously unknown information.
D) The principal need not reimburse the agent for any reasonable expenses incurred in the process of performing the agency responsibilities.
E) The agent must never compete with the principal.
Correct Answer:
Verified
Q11: An agency relationship can be created by:
A)
Q12: Which of the following statements is true
Q13: Which of the following is true with
Q14: If an agent breaches his duty to
Q15: In the process of assembling land for
Q17: Identify the true statement concerning the law
Q18: With respect to the formation of agency
Q19: Which of the following is a violation
Q20: Which of the following is an example
Q21: Fred and Carole were trying to create
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