The Legal Rule of ________ Knowledge Means That the Principal

In an agency relationship,which of the following is not one of the common ways in which the duty of loyalty can be breached? A) self-dealing B) dual agency C) usurping an opportunity. D) using general knowledge E) misusing confidential information

What distinguishes the duties of reimbursement and indemnification? A) Reimbursement is an agent's duty, while indemnification is a principal's duty. B) Reimbursement is a principal's duty, while indemnification is an agent's duty. C) Reimbursement relates to expenses incurred by the agent that were authorized by the principal, within the scope of the agency, and necessary to discharge the agent's duties in carrying out the agency, while indemnification typically relates to losses suffered by the agent because of the principal's misconduct. D) Reimbursement relates to third parties, while indemnification relates to the principal. E) Reimbursement applies only to actions that were within the scope of the agency, while indemnification relates to all actions of the agent.