Question
Which of the following is NOT true about an agent's duties? Question content area bottom Part 1 A. Normally, an agent is required to render
Which of the following is NOT true about an agent's duties?
Question content area bottom
Part 1
A.
Normally, an agent is required to render the same standard of care, skill, and diligence that a fictitious reasonable agent in the same occupation would render in the same locality and under the same circumstances.
B.
An agent who enters a contract with a principal has a duty to meet the standards of reasonable care, skill, and diligence implicit in all contracts.
C.
An agent who does not perform his or her express duties or who fails to use the standard degree of care, skill, or diligence is liable to the principal for damages.
D.
An agent owes no duty to notify the principal of important information learned concerning the agency.
E.
An agent who enters a contract with a principal has a duty to perform the lawful duties expressed in the contract.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started