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Zayya Gutiérrez
on Nov 21, 2024

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The principal's duty of ________ means that the principal should assist the agent in the performance of their duties and cannot interfere with the reasonable conduct of the agent.

A) compensation
B) loyalty
C) affirmation
D) cooperation
E) reservation

Duty of Cooperation

An obligation that requires the parties in a contract to act in good faith and assist each other in fulfilling the contract terms.

Principal's Duty

The obligations and responsibilities a principal owes to an agent in an agency relationship, including compensation, reimbursement, and indemnification for acts performed within the scope of the agency.

Agent Performance

The assessment of an agent's actions in fulfilling their duties on behalf of a client or principal.

  • Understand the duties and responsibilities of principals and agents within an agency relationship.
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Deborah MerrinNov 21, 2024
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