An Agent Does Not Owe a Duty to Notify the Principal

question 25

True/False

An agent does not owe a duty to notify the principal of important information he learns concerning the agency.

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Definitions:

Important Impact

Refers to a significant effect or influence that something has on a particular area or subject.

Industrial Engineer

A professional focused on designing, improving, and implementing integrated systems of people, materials, information, equipment, and energy to increase efficiency, reduce waste, and improve quality and productivity.

Simplifying Work

The process of making tasks or jobs easier to perform, often by removing unnecessary complexity or steps, to improve efficiency and satisfaction.

Increasing Output

A process aimed at raising the amount of goods or services produced, often through efficiency improvements or resource optimization.