Multiple Choice
An agent who accepts a bribe to purchase goods for a principal only from a seller who is a personal friend breaches his _____ duty by taking the money, since it is the agent's duty to work only for the best interests of the principal.
A) statutory
B) gratuitous
C) fiduciary
D) expressed
E) apparent
Correct Answer:

Verified
Correct Answer:
Verified
Q10: In which of the following states of
Q11: The penalty for breach of the fiduciary
Q12: The principal owes the agent a fiduciary
Q13: A gratuitous agent owes the principal the
Q14: An agent may appoint his or her
Q16: Who is an agent? List the various
Q17: The fiduciary relation between an agent and
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Q19: Most agencies are created by contracts.
Q20: Oral agencies are not legally binding unless