If an agent receives a gift from a third person with whom he is dealing on behalf of the principal, he can keep it without notifying the principal.

Name: If an agent receives a gift from a third person with whom he is dealing on behalf of the principal, he can keep it without notifying the principal.
Brand: Quizplus
Rating: 4.7 (41 reviews)

Question

Quizplus · Accepted Answer

An agent must act in the best interest of the principal and disclose any gifts received from third parties to avoid conflicts of interest and maintain transparency.

If an Agent Receives a Gift from a Third Person