An Agent's Duties Must Be Expressly Stated in the Agency

question 25

True/False

An agent's duties must be expressly stated in the agency agreement and may not be implied from the principal's words or conduct.

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Definitions:

Ionic

Relating to, composed of, or using ions, which are atoms or molecules with a net electric charge due to the loss or gain of one or more electrons.

Covalent

A type of chemical bond where atoms share pairs of electrons.

Hydrogen Chloride

A gaseous compound made of hydrogen and chlorine; when dissolved in water, it forms hydrochloric acid.

Lewis Structure

A graphical representation showing the arrangement of valence electrons around atoms within a molecule, indicating bonds and lone pairs.