Asked by Christina Silverio on Jul 14, 2024
Verified
A principal who instructs an agent to perform an illegal act will have no recourse against an agent who refuses to perform.
Illegal Act
An action that is forbidden by law or statute.
No Recourse
A clause in an agreement that limits the ability of a lender to seek additional compensation from a borrower beyond the collateral securing a loan if the borrower fails to repay.
- Identify the duties and rights between principal and agent, including fiduciary responsibilities.
Verified Answer
YC
Yk Computer Studies.Jul 17, 2024
Final Answer :
True
Explanation :
There are exceptions to the agent's duty to obey the principal's instructions.A gratuitous agent need not obey his principal's order to continue to act as an agent.Also,agents generally have no duty to obey orders to behave illegally or unethically.
Learning Objectives
- Identify the duties and rights between principal and agent, including fiduciary responsibilities.