Which of the following is a duty a principal has toward the agent?
A) A principal must provide the agent with a record of all monetary transactions.
B) A principal must obey routine instructions from the agent.
C) A principal must keep the agent informed of all financial activities.
D) A principal must reimburse the agent for expenses incurred during the agency.
Correct Answer:
Verified
Q1: The principal may terminate the agency by
Q2: Any expense incurred as a result of
Q4: An agent does not incur personal liability
Q5: Agents have a duty to keep
Q6: An agent does not incur liability for
Q7: Kerry appointed Stacy as his agent to
Q8: A principal may ratify an unauthorized contract
Q9: The acts of an agent that constitute
Q10: When an agency agreement does not state
Q11: When there is a contract of agency,
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