Which of the Following Statements Is True with Regard to an Agent's

question 69

Multiple Choice

Which of the following statements is true with regard to an agent's duties?

• A) A real-estate agent may buy property from a third party if it is at a good price and then sell the property to his principal at a higher price.
• B) An agent is not entitled to the agreed-upon commission and reasonable expenses undertaken on behalf of his principal in carrying out his duties.
• C) An agent cannot act for two principals even with the knowledge and consent of those principals.
• D) An agent must always scrupulously account for moneys coming into his hands on behalf of his principal.
• E) An agent need not disclose all relevant information to the principal.

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Definitions:

Dynamic Systems Theory

A framework describing motor skills as resulting from ongoing interactions among physical, cognitive, and socioemotional influences and environmental supports; previously mastered skills are combined to provide more complex and effective ways of exploring and controlling the environment.

Skill Milestones

Describes significant developmental achievements in a person's life, marking progress in areas such as motor skills, language acquisition, and cognitive development.

Cross Cultural Influences

The impact that differing cultural backgrounds and practices have on various aspects of human behavior, communication, and interaction.

Voluntary Reaching

A developmental milestone where infants intentionally extend their arm and hand towards an object to grasp it.