Multiple Choice
Unless the agency agreement provides otherwise, all profits that result from an agency
A) belong solely to the agent.
B) belong solely to the principal.
C) are divided equally between the principal and the agent.
D) belong to the agent, based on the time spent.
Correct Answer:

Verified
Correct Answer:
Verified
Q40: Bennett hired Ace Plumbing to check the
Q41: A principal has a duty to indemnify
Q42: An agent working for two principals at
Q43: A principal-agent contract<br>A) must be in writing
Q44: An agent who suffers a loss while
Q45: The obligation of a principal to pay
Q46: An agency by estoppel is created<br>A) by
Q48: A principal-agency relationship may be used for<br>A)
Q49: An agency that may not be unilaterally
Q50: A principal-agent relationship may be terminated by<br>A)