Question: An agent who is authorized to make a certain transaction on behalf of a principal may Multiple Choice not act on behalf of the other

An agent who is authorized to make a certain transaction on behalf of a principal may
Multiple Choice
not act on behalf of the other party to the transaction unless the principal knowingly consents
not act on behalf of the other party to the transaction even if the principal knowingly consents, since this would constitute a conflict of interest
only act on behalf of the other party to the transaction if the other party agrees to indemnify the agent for violating his duty of loyalty to the principal
only act on behalf of the other party to the transaction if the principal implicitly consents
 An agent who is authorized to make a certain transaction on

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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

Students Have Also Explored These Related General Management Questions!