Question: Describe the agents duties to the principal.

Describe the agent’s duties to the principal.

Step by Step Solution

★★★★★

3.29 Rating (164 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Agent is a person who is legally empowered to act on behalf of another person The duties of an agent ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

244-L-B-L-L-E (2033).docx

120 KBs Word File

Students Have Also Explored These Related Business Law Questions!

Q:

With respect to duties owed by an agent to his principal, which of the following statements is false with regard to agency law? a. Generally, an agent may not delegate his authority without the...

Q:

Describe "ratification" as it pertains to a principal and agent

Q:

Describe what smart agent software is and how it may affect you as a typical consumer.

Q:

List and describe an agent's duties to a principal and a principal's duties to an agent. ( Give at least 5 complete sentence

Q:

1 5 - 3 Describe the agent's duties to the principal.

Q:

Could you give me the answers of these questions for studying? QUESTION 1 Limited Liability Companies are popular because they can only have one owner. pay only the corporate tax. are easier to form...

Q:

an independent contractor principal work for hire Which of the following is not an agent's duties to a principal? performance loyalty Accounting correlating 12. Which of the following is a duty of...

Q:

Have you or someone you know been appointed as an agent for another? Agency refers to a relationship between two parties in which one party (the agent) is authorized to act on behalf of the other...

Q:

Agency refers to a relationship between two parties in which one party (the agent) is authorized to act on behalf of the other party (the principal). My example as an agent was when I became the...

Q:

490 F. Supp. 249 (1980) Thomas W. CULLEN, Jr., Plaintiff,v.BMW OF NORTH AMERICA, INC., Defendant. No. 79 C 970. United States District Court, E. D. New York. May 16, 1980. *250Louis J. Castellano,...

Q:

An electron moves through space as a cosmic ray with a speed of 8.0 x 10 6 m /s 2 . On This location the Earth's magnetic field is perpendicular to the electron path and has a magnitude or modulus of...

Q:

1. Merrell Corp. discontinued a component of its business on October 17. For the year, the discontinued component had operating income of $4,000,000. At the time of the sale, the assets of the...

Q:

Gail owns a truck costing $ 14 comma 000 and used for personal activities. The truck has a $ 9 comma 500 fair market value (FMV) when it is transferred to her business, which is operated as a sole...

Q:

What are regional stock exchanges and over-the-counter (OTC) markets?

Q:

Lanci was involved in an automobile accident with an uninsured motorist. Lanci and Metropolitan Insurance Company entered settlement negotiations and ultimately agreed to settle all claims for...

Q:

Cindy Sawyer, a former friend and unpaid assistant to trial lawyer Melbourne Mills, persuaded Mills to file a class-action lawsuit on behalf of 431 fen-phen users who claimed the diet pill had...

Q:

Hydrotech Systems, Ltd., a New York corporation, agreed to sell wave-pool equipment to Oasis Waterpark, an amusement park in Palm Springs, California. Although Hydrotech was not licensed to install...

Q:

Tren Tyre Ltd deals in tyres for which the following information is available: Average usage 140 tyres per day Minimum usage 90 tyres per day Maximum usage 175 tyres per day Lead time 10 16 days...

Q:

Dividend decisions are complicated and involve the understanding of critical strategic factors that affect the policy and value of a firm. Thus, the management of any firm has to consider the...

Q:

1. True/False: Process mapping is primarily used to model relational databases. 2. True/False: When collecting information for a process map, the one-on-one interview method is generally preferred...