The Principal Has a Duty to Perform All of the Following

question 4

Multiple Choice

The principal has a duty to perform all of the following except: ______.

• A) a duty to perform the contract according to its terms.
• B) a duty to compensate the agent for services.
• C) a duty to indemnify the agent for loss in some circumstances.
• D) a duty of loyalty to the agent.

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Definitions:

Oligopoly

A market structure in which a few firms dominate the market, leading to a high level of market concentration.

Oligopolistic Industry

A market structure characterized by a small number of firms whose decisions affect and are affected by each other, leading to strategic behavior and interdependence.

Optimal Strategy

The best course of action that maximizes benefits or minimizes costs under given circumstances, often used in decision-making and game theory.

Anticipate

To expect or predict something based on current trends or information.