If You Hire Gnowsky to Act as Your Agent, Which

question 102

Multiple Choice

If you hire Gnowsky to act as your agent, which of the following is true with regard to the duties he owes to you?

• A) Gnowsky need not use reasonable care, skill, and diligence in his service to you.
• B) Even when Gnowsky is acting as your agent, he need not put your interest above his own.
• C) An agent may delegate his authority without the authorization of his principal.
• D) His failure to obey you and to act within the authority given him would allow you to sue him for breach of contract.
• E) Gnowsky need not tell you everything relevant to his task that a reasonable person would consider might affect your decision making.

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Definitions:

Income

Cash inflows that occur on a routine basis, originating from employment or investing.

Resources

Refers to the inputs used in the production of goods and services, including natural, human, and capital resources.

Lower-Income Individuals

Persons or families who earn significantly less than the average income for their community or country, often facing financial challenges.

Choices

The act of selecting among available options or actions in decision-making processes.