Which of the following is a duty of a principal to an agent?

a. duty of loyalty

b. duty to provide information

c. All of these are correct.

d. duty to indemnify for reasonable expenses

If a manager is determined to have violated the Business judgement Rule:

a. The manager is personally liable for the violation, regardless of any future actions taken by the company's Board of Directors.

b. The manager is not liable if a special committee of the Board of Directors sanctions the action.

c. The manager is not liable if a court determines the action to be entirely fair to the corporation.

d. Answersbandcare both correct.

When an accounting firm is deemed to have breached a term (or terms) of an engagement letter, a court

a. Cannot consider the expenses incurred by the client to hire a new accounting firm in assessing damages.

b. will only consider punitive damages

c. may consider the expenses incurred by the client to hire a new accounting firm in assessing damages.

d. will never consider awarding damages