Multiple Choice
Which of the following is a duty a principal has toward his agent?
A) A principal must provide the agent with a record of all his monetary transactions.
B) A principal must compensate the agent for his services.
C) A principal must keep his agent informed of his financial activities.
D) A principal must obey routine instructions from his agent.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Jack, acting as an agent for Mike,
Q2: Which of the following is true of
Q4: When an agency agreement does not state
Q5: Agents have a duty to keep
Q7: Which of the following best describes durable
Q8: The termination of corporation's operation except activities
Q10: An agent is not allowed to terminate
Q11: Agents who contract in their own names
Q19: An agent does not incur personal liability
Q20: The principal may terminate the agency by