Identify the true statement concerning the law of principal and agent. The principal and his agent...
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Identify the true statement concerning the law of principal and agent. The principal and his agent owe each other the same duties Ob) An agent with no express authority can never bind his principal into a contract with a third party G An agent can never be liable to the third party himself while the principal will bear no such liability O d) Agency is only created by way of a contract e) An agent who puts himself un a position where his interesta conflict with those of his principal i in breach of his duties even though no actual harm comes to his principal Identify the true statement concerning the law of principal and agent. The principal and his agent owe each other the same duties Ob) An agent with no express authority can never bind his principal into a contract with a third party G An agent can never be liable to the third party himself while the principal will bear no such liability O d) Agency is only created by way of a contract e) An agent who puts himself un a position where his interesta conflict with those of his principal i in breach of his duties even though no actual harm comes to his principal
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Answer c Explanation when it comes to the principle ... View the full answer
Related Book For
Principles of Risk Management and Insurance
ISBN: 978-0132992916
12th edition
Authors: George E. Rejda, Michael McNamara
Posted Date:
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