Asked by Katrina Mahan on May 25, 2024
Verified
A principal's obligation to pay an agent for his services is the duty of ________.
A) obedience
B) reimbursement and indemnification
C) cooperation
D) compensation
E) accounting
Duty of Compensation
The obligation to make payment or restitution to someone for loss, suffering, or injury.
Obligation
A legal or moral duty to do or refrain from doing something.
Agent
A person or entity appointed to act on behalf of another in dealings with third parties, often in commercial transactions.
- Recognize the responsibilities and duties in an agency relationship, encompassing the positions of both agents and principals.
Verified Answer
QM
Quinn MenziesJun 01, 2024
Final Answer :
D
Explanation :
A principal's obligation to pay an agent for his services is the duty of compensation.
Learning Objectives
- Recognize the responsibilities and duties in an agency relationship, encompassing the positions of both agents and principals.
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