Scott Is an Agent for Lee and His Duties Require

question 38

Multiple Choice

Scott is an agent for Lee and his duties require him to fly to Chicago from Cleveland. Scott gets up late and misses his flight to Chicago so he has to buy a second plane ticket. As principal, Lee:

• A) has a duty to reimburse Scott for the second plane ticket
• B) does not have a duty to reimburse Scott for the ticket because he had no duty to reimburse Scott for a plane ticket to Chicago anyway
• C) has a duty to reimburse Scott for half the plane ticket
• D) has a duty to reimburse Scott for 1/3 of the plane ticket
• E) none of the other choices are correct

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A formal document that outlines a company's goals, strategies for achieving them, and the financial forecasts associated with these strategies.

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