An Agent's Deviation from the Lawful Clearly Stated Instructions of the Principal

question 58

True/False

An agent's deviation from the lawful clearly stated instructions of the principal is a violation of the duty of obedience.​

---

Definitions:

Chief Executive Officer

The highest-ranking executive in a company or organization, responsible for making major corporate decisions.

Great Recession

A significant decline in global economic activity that occurred from late 2007 through 2009, considered the most severe economic downturn since the Great Depression.

Social Security

A government program that provides financial assistance to people with an inadequate or no income, especially the elderly, disabled, and unemployed.

Partnership

A business firm owned by two or more people.