If an Agency Agreement Did Not Specify How Much an Agent

question 267

Multiple Choice

If an agency agreement did not specify how much an agent would be paid for his work, the principal has a ____ the "customary" amount.

• A) duty to cooperate
• B) duty to compensate
• C) duty of obedience to
• D) duty to indemnify
• E) none of the other choices would apply

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Definitions:

Culture

The shared values, beliefs, norms, and practices of a group of people that are passed down from one generation to another.

Traditions

Customs or beliefs passed down through generations, often serving as a way for communities to sustain their cultural identity and values.

Attitudes

A disposition in psychology characterized by the assessment of an entity with an extent of favoritism or dislike.

Behaviors

The actions or reactions of individuals, usually in relation to the environment, including the ways they act, react, and interact.