Asked by
Teresa Dipalma
on Nov 10, 2024
Verified
Information that comes to the agent because of his position as agent must be passed on to the principal.
Information
Data or knowledge communicated or received concerning a particular fact or circumstance.
Principal
In legal and financial contexts, the original sum of money loaned or invested, before interest; in agency, the person or entity who authorizes an agent to act on their behalf.
- Perceive the crucial importance of fiduciary responsibilities and the duty of agents to focus on the principals’ needs foremost.
Verified Answer
JA
Learning Objectives
- Perceive the crucial importance of fiduciary responsibilities and the duty of agents to focus on the principals’ needs foremost.
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