Asked by Princess Ritsu on May 15, 2024
Verified
A gratuitous agent is one who acts without ________.
A) due care
B) expertise in the area of specialty involved in the agency relationship
C) consideration
D) ratification
E) endorsement
Gratuitous Agent
An agent who acts on behalf of another person (the principal) without expecting or receiving any form of compensation.
Consideration
Something of value exchanged between parties in a contract, making the agreement legally binding.
Agency Relationship
A legal relationship in which one party, the agent, acts on behalf of another, the principal, in dealings with third parties.
- Grasp the nuanced differences between various agency concepts like agent by estoppel, gratuitous agents, and exclusive agency contracts.
Verified Answer
NW
Nicole WooleverMay 17, 2024
Final Answer :
C
Explanation :
Agents may perform their services gratuitously.A gratuitous agent is one who acts without consideration; that is,the agent is not paid for his or her services.Gratuitous agents function much like regular agents,with a few specific exceptions.
Learning Objectives
- Grasp the nuanced differences between various agency concepts like agent by estoppel, gratuitous agents, and exclusive agency contracts.