menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Essentials of Business Law and the Legal Environment Study Set 2
  4. Exam
    Exam 28: Relationship of Principal and Agent
  5. Question
    If an Agent Receives a Gift from a Third Person
Solved

If an Agent Receives a Gift from a Third Person

Question 77

Question 77

True/False

If an agent receives a gift from a third person with whom he is dealing on behalf of the principal, he can keep it without notifying the principal.

Correct Answer:

verifed

Verified

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

Related Questions

Q72: As a general rule, a person may

Q73: An agent's duty to inform:<br>A) applies to

Q74: A fiduciary duty, arising out of a

Q75: A person who engages an independent contractor

Q76: Which of the following is not a

Q78: Which of the following is correct with

Q79: All employees are agents, but not all

Q80: The principal has a duty to indemnify

Q81: An agency contract appointing the agent for

Q82: The principal has the duty to provide

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines