An Agent Must Obey All Instructions of the Principal

question 7

True/False

An agent must obey all instructions of the principal.

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Definitions:

Surety

A person or entity that takes responsibility for another's performance of an obligation, such as repaying a loan or fulfilling a contract.

Guarantor

A person or organization that commits to covering someone else's financial obligations or contract performance should the primary party fail to fulfill their responsibilities.

Fraud

Fraud is an intentional deception made for personal gain or to damage another individual.

Improperly Installed

Refers to equipment, devices, or systems that have not been installed according to the manufacturer’s guidelines or industry standards, potentially leading to malfunction or hazard.