An Agent Automatically Owes a Fiduciary Duty to His Principal

question 14

True/False

An agent automatically owes a fiduciary duty to his principal.

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Definitions:

Nondirective Interview

An interview in which the applicant is allowed the maximum amount of freedom in determining the course of the discussion, while the interviewer carefully refrains from influencing the applicant’s remarks.

Maximum Freedom

The highest level of autonomy granted to individuals or entities, often within a legal or organizational context.

Eligible To Be Bonded

A status indicating that an individual or company can be insured against losses caused by dishonesty, fraud, or failure to perform.

Application Form

A document that an individual fills out to apply for something, such as a job, loan, or program, detailing personal, educational, and professional information.