Asked by
Terry Thompson
on Nov 30, 2024Verified
Which of the following is NOT a major duty, which the agent owes to the principal?
A) Duty to obey instructions.
B) Duty to act in good faith and with loyalty.
C) Duty to indemnify.
D) Duty to exercise care.
Duty To Obey
The legal or ethical obligation to follow lawful orders, commands, or instructions from authority figures or entities.
Good Faith
The principle of entering into agreements or negotiations with honest intentions without intending to defraud the other party.
Indemnify
To compensate for harm or loss suffered, or to protect someone by promising to cover any damages or losses they might incur.
- Acknowledge the assortment of obligations an agent bears to a principal, including fidelity, adherence, and attentiveness.
Verified Answer
CC
Learning Objectives
- Acknowledge the assortment of obligations an agent bears to a principal, including fidelity, adherence, and attentiveness.