Asked by
Evgeny Vinnik
on Nov 28, 2024Verified
If a principal's instructions are not clearly stated, an agent can fulfill the duty of obedience by acting in good faith and in a reasonable manner.
Duty Of Obedience
The requirement for directors and officers of an organization to act in accordance with its goals and directives.
Clearly Stated
Expressed in a manner that leaves no doubt about the meaning or intentions.
Good Faith
The principle of honesty and sincerity in dealings, especially in fulfilling contractual obligations.
- Identify the legal obligations and entitlements associated with the principal-agent relationship.
Verified Answer
VG
Learning Objectives
- Identify the legal obligations and entitlements associated with the principal-agent relationship.