An Agent's Duty of Loyalty Requires the Agent to

question 99

Multiple Choice

An agent's duty of loyalty requires the agent to .

• A) use reasonable care and skill in performing work
• B) live up to the standards of performance expected of an independent contractor
• C) follow all reasonable and lawful instructions of a principal
• D) avoid conflicts of interest while acting on behalf of a principal

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Definitions:

Conforming Goods

Goods that conform to contract specifications.

Measure Of Recovery

The methods or calculations used to determine the amount of damages to be recovered in a legal suit, typically financial compensation for loss or injury.

Market Price

The current price at which an asset or service can be bought or sold on the open market.

Reasonable Opportunity

An equitable chance or fair circumstance that allows an individual to perform an action or fulfill an obligation.