An Agent's Duty of Loyalty Means She Likely Cannot Act

question 38

Multiple Choice

An agent's duty of loyalty means she likely cannot act for:

• A)more than one principal.
• B)two principals in the same transaction.
• C)more than one year for the same principal.
• D)an undisclosed principal.

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Definitions:

Performance

The act of carrying out a task or the level of efficiency and effectiveness shown in the execution of a task.

Simple Tasks

Activities or work that can be easily accomplished without requiring extensive skills or resources.

Social Facilitation Theory

Proposes that the presence of others enhances an individual's performance on simple tasks but can impair performance on complex tasks.

Dominant Response

The most common reaction or behavior exhibited by an individual in a given situation, especially under stress or pressure.