There are no significant differences between a principal-agent and a principal-independent contractor relationship.

Question

Quizplus · Accepted Answer

There are significant differences between a principal-agent and a principal-independent contractor relationship. In a principal-agent relationship, the agent is authorized to act on behalf of the principal and has certain duties and obligations to the principal. In contrast, an independent contractor is engaged to perform a specific task or project and has more autonomy in how they complete the work. Additionally, the principal does not have as much control over an independent contractor as they would over an employee or agent.

There Are No Significant Differences Between a Principal-Agent and a Principal-Independent