When there is a contract of agency, on whom does the law impose duties not specified in the contract?
A)On both the agent and principal.
B)On only the agent.
C)On only the principal.
D)On neither the agent nor the principal.

Question

When there is a contract of agency, on whom does the law impose duties not specified in the contract? ​
A)On both the agent and principal.
B)On only the agent.
C)On only the principal.
D)On neither the agent nor the principal.

Quizplus · Accepted Answer

The law imposes duties not specified in the contract on both the agent and the principal. These duties are implied by law to ensure fairness and accountability in the agency relationship.

When There Is a Contract of Agency, on Whom Does