A Subagent Owes a Fiduciary Duty to Both the Agent

question 52

True/False

A subagent owes a fiduciary duty to both the agent and to the principal.

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Definitions:

Global Teams

Groups of workers from various geographic locations and often different cultures who collaborate on projects or tasks, facilitated by technology.

Goods And Services

Represents the output of economic activities that can be offered in the market to satisfy a want or need, including tangible products (goods) and intangible offerings (services).

Minimum Level Of Customization

The least amount of modification or adaptation allowed or required to meet specific needs or preferences, typically in a product or service.

Desktop Videoconferencing Systems

These are software applications and hardware setups that enable video meetings and calls via desktop computers, facilitating remote communication.