Asked by
shaily verma
on Nov 21, 2024Verified
Which of the following is the term used to describe the duty an agent has to follow the lawful instruction and direction of the principal?
A) Duty of action
B) Duty of contract
C) Express duty of action
D) Duty of performance
E) Duty of obedience
Duty of Obedience
is the responsibility of the directors and officers of a corporation to act in accordance with the corporation's charter, bylaws, and the law in decision-making processes.
Lawful Instruction
Refers to directives or orders given that are within the bounds of the law and ought to be followed by the recipients.
- Acquire knowledge of the roles and duties agents owe to their principals, particularly regarding the performance and compliance requirements.
Verified Answer
RM
Learning Objectives
- Acquire knowledge of the roles and duties agents owe to their principals, particularly regarding the performance and compliance requirements.