QUESTION 19

1. An agent has a duty to keep personal funds separate from the principal's funds.

   True

   False

1 points

QUESTION 20

1. The principal is not required to indemnify or reimburse the agent for expenditures and losses incurred in the performance of the agent's duties.

   True

   False

1 points

QUESTION 21

1. The principal has a duty to compensate the agent per the agreement.

   True

   False

1 points

QUESTION 22

1. The duty to give notice upon the termination of the agency relationship is a duty owed to which of the following?

   		Principal
   		Agent
   		Both parties have a duty to give notice.