If an Agent Is Found to Have Received a Secret

question 48

Multiple Choice

If an agent is found to have received a secret commission from a third party, the principal is not entitled to:

• A)Recover the secret commission and report the matter to the relevant authorities.
• B)Refuse to pay any commission owed to the agent.
• C)Terminate the contract with the agent and the contract with the third party.
• D)Sue the agent in the tort of passing off.

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Definitions:

Fastest Growing

A term often used to describe entities or economies that increase in size, value, or importance at a very rapid pace.

Trade Deficit

A condition where a nation's expenditures on imports surpass its earnings from exports, leading to a deficit in the trade balance.

Merchandise Trade Deficit

The situation that occurs when a country imports more goods than it exports, leading to a negative balance of trade.

Merchandise Trade

The act of buying, selling, or exchanging goods and commodities across domestic or international borders.