________ Is a Situation in Which an Agent Does Something

question 64

Multiple Choice

________ is a situation in which an agent does something during the course of his or her employment to further his or her own interests rather than the principal's.

• A) Coming and going
• B) Frolic and detour
• C) Self-dealing
• D) Dual-purpose mission

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Definitions:

Takeover Bid

In corporate law, the offer to buy the voting stock of a corporation.

Friendly Suitor

An entity or person who proposes a takeover or merger that is welcomed by the target company's board.

Legal Implications

The possible legal consequences or effects that actions or decisions can have, potentially influencing rights, duties, or liabilities.