Question: The principal has a duty to _ _ _ _ _ _ _ _ blank and _ _ _ _ _ _ _ _ blank

The principal has a duty to

________

blank and

________

blank when an agent acts on behalf of its principal, or the agent incurs expenses, makes payments, suffers an injury, or causes damages to a third parties if the agent is outside the scope of their employment.

Multiple Choice

manage; protect

claim; cooperate

disclose; authorize

reimburse; indemnify

commit; defend

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!

Chapter 38 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

Last Lecture - In the last lecture, we covered selected materials on contract law in Chapter 13 (\"Practical Contracts\"] and Chapter 14 (\"Sales"] We discussed when parties should want their...

1. Referencing the State of Kansas contract, you will find this is an IDIQ contract. Which other contract type could have been used for this contract? What are the pro and cons of the contract type...

A principal has a duty to _ _ _ _ _ _ _ _ blank the agent for any losses the agent incurs in the course of working on behalf of the principal. Multiple Choice pay wages to indemnify account to...

If an agent makes authorized expenditures in the course of working on behalf of a principal, the principal has a duty to Blank _ _ _ _ _ _ the agent for the amount of money spent. Multiple choice...

The principal has the duty to _ _ _ _ _ _ _ _ blank the agent for any losses the agent incurs while working within the scope of authority on the principal s behalf. Multiple Choice compensate account...

A principal has a duty to __________blank the agent for any losses the agent incurs while working within the scope of authority on behalf of the principal.Multiple Choiceindemnifyaccount topay wages...

6. A principal has a duty to ________blank the agent for any losses the agent incurs in the course of working on behalf of the principal. Multiple Choice account to compensate indemnify pay wages to...

A gratuitous agent has a duty of loyalty but is not liable for any harm caused by his careless performance. An agent must act solely in the interest of his principal in all acts that would affect the...

n Question 8 0.5 pts 8. Which of the following statements are true with respect to the duties of principals to agents? O A. A principal has no duty to indemnify an agent B. A principal can interfere...

Write a menu-driven program that will give the user the three choices: 1) Wage calculator, 2) Tip Calculator, and 3) Exit. Class Name: Party Password Access: For the user to gain access to the menu,...

6. For each of the following matrices, use its rank to determine whether it is invertible. 1 0 2 -5 1 4 2 1 2 A = -5 C = -2 4 -2 -3 1 -2 1 0 8. -2 -1 1 -1 0 0

Duties of an insured after a collision loss covered under the PAP include which of the following? I. Take reasonable steps to protect the vehicle from further damage. II . Admit fault if the insured...

Make a statement of cashflows in good form. X X M Inbox 2,50 x M Logistics : * Course: ST: X|MyDrive- x B Group 2 Pex Course ID: Cth Moodle X C Get HomeX C Photos Screx Interview X + ....