An Agent's Duty of Loyalty to the Principal Is Breached

question 30

Multiple Choice

An agent's duty of loyalty to the principal is breached by:

• A) the agent accepting a secret gift from a third person in connection with the agency.
• B) the agent acting as agent for both parties to a transaction without disclosure.
• C) the agent aiding a principal's competitors.
• D) all of the above.

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Definitions:

Dependent Variable

A variable whose value depends on that of another, used in experiments to test the effects of changes in an independent variable.

Regression Analysis

A statistical method for estimating the relationships among variables, often used for forecasting and predicting outcomes.

High-low

A technique used in accounting and finance to estimate fixed and variable costs by analyzing the highest and lowest levels of activity.

Cost Estimation

The process of predicting the costs of producing a product or service, typically involving historical data analysis and forecasting techniques.