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Select the TRUE statement concerning the application of FIDUCIARY DUTIES. A . An agent breaches the duty of obedience if he acts with implied authority
Select the TRUE statement concerning the application of FIDUCIARY DUTIES.
A An agent breaches the duty of obedience if he acts with implied authority instead of express authority.
B As long as the employee keeps accurate records, he can temporarily place business funds in his personal bank account without breaching the duty of accounting.
C In Missouri, a dismissed agent who breaches fiduciary duties forfeits the right to bonuses and severance pay.
D The agent is automatically removed from the scope of employment if he breaches a fiduciary duty.
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