Remedies of the Agent for Breach of Duty by the Principal

question 64

True/False

Remedies of the agent for breach of duty by the principal arise out of contract and tort law.

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Definitions:

Unqualified Indorser

A term likely meant to refer to an unqualified endorsement, where an endorser does not limit their liability on a negotiable instrument.

Liability

The state of being legally responsible for something, especially in terms of debts or legal obligations.

Forging

The illegal act of creating, altering, or imitating objects, documents, or signatures with the intent to deceive.

Collect

The action of gathering items or amounts due, often in the context of debts, payments, or data.