A principal cannot accept the benefits of a transaction and refuse to accept the:
A) obligations.
B) parallel benefits.
C) apparent benefits.
D) representation.

Question

Quizplus · Accepted Answer

As a principal, one cannot merely accept the benefits of a transaction without also accepting the obligations that come with it. It is a fundamental principle of agency law that the principal is responsible for the actions of his or her agent, and therefore must accept the obligations, liabilities or penalties that may arise from any transaction. This is sometimes referred to as the "doctrine of vicarious liability."

A Principal Cannot Accept the Benefits of a Transaction and Refuse