Which of the Following Is Not a Duty Owed by the Agent

question 397

Multiple Choice

Which of the following is not a duty owed by the agent to the principal:

• A) loyalty
• B) reasonable care
• C) accounting
• D) notification
• E) all of the other choices are required

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Definitions:

Compounds Interest Annually

The calculation of interest on the initial principal, which also includes all accumulated interest from previous periods on a loan or deposit, done once a year.

Checking Account

A bank account that allows for the deposit and withdrawal of funds and is typically used for day-to-day transactions.

Pays Bills Online

The process of using internet banking or payment platforms to settle invoices or bills.

Compounded Daily

Describes the method by which interest is calculated on an investment or loan with the earned interest being added to the principal daily for future interest calculations.