Which of the Following Statements Is True with Regard to an Agent's

question 46

Multiple Choice

Which of the following statements is true with regard to an agent's duties?

• A)A real estate agent may buy property from a third party if it is at a good price and then sell the property to his principal at a higher price.
• B)An agent must always scrupulously account for money coming into his hands on behalf of his principal.
• C)An agent need not disclose all relevant information to the principal.
• D)An agent is not entitled to the agreed-upon commission and reasonable expenses undertaken on behalf of his principal in carrying out his duties.
• E)An agent cannot act for two principals even with the knowledge and consent of those principals.

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Definitions:

Abraham Lincoln

The 16th President of the United States, who led the country through the Civil War and abolished slavery with the Emancipation Proclamation.

Antislavery Measures

Laws, actions, or movements aimed at ending the practice of slavery and the slave trade.

Confiscation Acts

A series of laws passed during the American Civil War allowing the confiscation of property, including enslaved people, used to support the Confederate rebellion.

Union Army

The land force that fought for the Union during the American Civil War.