Solved

Which of the Following Statements Is True of the Duty

Question 48

Multiple Choice

Which of the following statements is true of the duty of reimbursement and indemnification?


A) It bars agents from claiming expenses arising out of negligence or unlawful activities.
B) It requires a principal to compensate an agent for services rendered even in the absence of a written agreement.
C) It mandates that a principal should pay a contingency fee to an agent upon conclusion of the business transaction.
D) It forbids a principal from interfering with the reasonable conduct of an agent as agreed upon in a contract.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions