Trudy Would Breach the Duty to Inform If She Failed

question 45

Multiple Choice

Trudy would breach the duty to inform if she failed to tell her principal:

• A) a debtor of her principal has become insolvent.
• B) property her principal authorized her to sell at $50,000 could be sold for $53,000.
• C) a customer of her principal has become insolvent.
• D) All of these.

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Definitions:

Flexible Exchange Market

A system where the value of a currency is allowed to fluctuate according to the foreign exchange market.

Appreciate the Dollar

The increase in value of the US dollar relative to other currencies, leading to increased purchasing power internationally.

Demand for Pesos

The desire or willingness of market participants to acquire Mexican pesos, influenced by factors like investment returns and currency stability.