Asked by Brenna Wooldridge on Jun 19, 2024
Verified
An agent's duties to a principal are to
A) perform work competently.
B) obey and be loyal to the principal.
C) notify the principal of all matters that come to the agent's attention concerning the subject matter of the agency.
D) render an accounting to the principal of all property and funds received and paid out on behalf of the principal.
E) All of these choices are correct.
Principal
A primary actor or agent in a financial transaction, often used to describe the main party responsible for an obligation in a financial contract.
Perform Work
The act of carrying out tasks or duties, usually in the context of employment or professional obligations.
Notify Principal
The action of informing the principal party or main authority about relevant or important information.
- Gaining insight into the creation of professional corporations by certified experts and identifying the distinctions between them and other types of businesses.
Verified Answer
Learning Objectives
- Gaining insight into the creation of professional corporations by certified experts and identifying the distinctions between them and other types of businesses.
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