An Agent May Lose the Right to Compensation

question 65

Multiple Choice

An agent may lose the right to compensation:

• A) by breaching the agency contract willfully and deliberately.
• B) if the specified result of the contract is not obtained.
• C) if the duty of loyalty is breached.
• D) All of these
• E) None of these.

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Definitions:

Informed Citizen

An individual who is knowledgeable about community, national, and global affairs, enabling them to participate effectively in civic matters.

Society

A group of individuals who live in a structured and interdependent community with shared laws and institutions.

Economics

The field of social science focusing on the decision-making processes used by individuals, governments, businesses, and countries in distributing limited resources to fulfill their endless desires.

Industrial Revolution

A period of major industrialization that took place during the late 1700s and early 1800s, leading to significant changes in technology, economy, and society.