Asked by Jiwanjot Singh on May 06, 2024
Verified
An agent's duty of ________ to the principal includes the agent's obligation to perform the duties as specified in the agency agreement.
A) cooperation
B) notification
C) loyalty
D) performance
E) obedience
Duty of Performance
An obligation in contract law requiring parties to complete their contractual obligations.
Agency Agreement
A legal contract creating a fiduciary relationship whereby the first party ("the principal") agrees that the actions of a second party ("the agent") binds the principal to later agreements made by the agent as if the principal had himself personally made the later agreements.
- Develop an understanding of the legal fundamentals overseeing the connections between agents and principals, including how these relationships are initiated, and the respective rights, duties, and authorizations involved.
Verified Answer
Learning Objectives
- Develop an understanding of the legal fundamentals overseeing the connections between agents and principals, including how these relationships are initiated, and the respective rights, duties, and authorizations involved.
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