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:

Decision-Making Efficiency

The effectiveness and speed with which decisions are made, often emphasizing the quality of outcomes with minimal time and resources.

Errors In Judgment

Mistakes made due to flawed reasoning or misinterpretation of information leading to incorrect conclusions or decisions.

Intelligence

The ability of an individual to learn from experience, adapt to new situations, understand complex ideas, solve problems, and use various forms of reasoning.

Biases

Cognitive shortcuts or predispositions that can influence decision-making processes and perceptions, often leading to irrational or unfair outcomes.