Which of the Following Statements Is True of an Agent

question 41

Multiple Choice

Which of the following statements is true of an agent taking an opportunity?

• A)An agent can legally take an opportunity that is entitled to the principal.
• B)A third-party offer to an agent need not be conveyed to the principal.
• C)An agent cannot appropriate an offer for himself or herself once the principal rejects it.
• D)A principal is permitted to recover a usurped opportunity from an agent.

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Definitions:

Condition Breached

When a specific condition or term in a contract is violated or not fulfilled as agreed.

Damages

Financial compensation awarded by a court to a party who has suffered loss or injury due to the actions or negligence of another party.

Obligations

Duties or responsibilities imposed by law, contract, or moral imperatives, often requiring action or forbearance.

Frustrates Contract

Describes a situation where unforeseen events make the fulfillment of a contract impossible, excusing all parties from their obligations and terminating the contract.