Asked by Jaliyah Henderson on Jul 06, 2024
Verified
Curly Fries Inc. grants its agent Damon an exclusive territory in which to sell its products. The company cannot compete with Damon in that territory under the duty of
A) none of the choices.
B) cooperation.
C) indemnification.
D) reimbursement.
Exclusive Territory
A designated area or market granted to an individual or entity with the exclusive right to sell or distribute goods or services within it.
Duty of Cooperation
An obligation between parties in a contract to act in good faith and assist each other in fulfilling the contract's terms.
- Comprehend the duties of principals and agents towards each other, including cooperation, indemnification, and reimbursement.
Verified Answer
TV
Tessa VanderwerfJul 11, 2024
Final Answer :
B
Explanation :
The duty of cooperation means that Curly Fries Inc. must not compete with Damon in the exclusive territory granted to him, as it would interfere with his ability to perform his duties as an agent.
Learning Objectives
- Comprehend the duties of principals and agents towards each other, including cooperation, indemnification, and reimbursement.
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