Which of the Following Is Not a Common Law Duty

question 8

Multiple Choice

Which of the following is not a common law duty that an agent owes to a principal?

• A)To act in the best interests of the principal.
• B)To act in person (personally)when carrying out the principal's instructions.
• C)To invest the principal's money and pay the principal a fair share of the profits received.
• D)To follow (obey)the instructions of the principal.

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Definitions:

Contract

A legally binding agreement between two or more parties that outlines rights and duties towards one another.

Voidable

A legal term describing a transaction or agreement that may be annulled or voided at the discretion of one party.

Good Faith Purchaser

A purchaser who buys without notice of any circumstance that would put a person of ordinary prudence on inquiry as to whether the seller has valid title to the goods being sold.

Title

Legal documentation that provides evidence of a person's ownership rights over property or assets.