Which of the Following Is True of an Agent's Undisclosed

question 74

Multiple Choice

Which of the following is true of an agent's undisclosed self-dealing?

• A) It does not violate the duty of loyalty.
• B) The principal cannot rescind purchases made.
• C) The principal can ratify the purchase.
• D) The principal must accept liability.

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Definitions:

Formal Report

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Principal Section

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Demonstrate Procedure

To show or explain how something is done or how to perform a particular task, often step by step.