Subagents Work for the Agent and Owe Duties To

question 136

Multiple Choice

Subagents work for the agent and owe duties to:

• A) only the agent
• B) only the principal
• C) both the agent and the principal
• D) no one
• E) none of the other choices are correct

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Definitions:

Duty Of Loyalty

The legal obligation of individuals, such as corporate directors or employees, to act in the best interests of their company or employer.

Statute Of Frauds

A legal principle that requires certain types of contracts to be in writing to be enforceable.

Formation

The process of creating or establishing a new business, organization, or legal entity.

Equal Rights

refers to the principle of granting all people the same legal rights, without discrimination on the basis of characteristics such as race, gender, or religion.