Identify the True Statement Concerning the Law of Principal and Agent

question 191

Multiple Choice

Identify the true statement concerning the law of principal and agent.

• A) Agency is only created by way of a contract.
• B) The principal and his agent owe each other the same duties.
• C) An agent who puts himself in a position where his interests conflict with those of his principal is in breach of his duties even though no actual harm comes to his principal.
• D) An agent with no express authority can never bind his principal into a contract with a third party.
• E) An agent can never be liable to the third party himself while the principal will bear no such liability.

---

Definitions:

Puts()

A function in C programming language used to print a string to the standard output, followed by a newline character.

Substitutes

Replacement items or alternatives that can be used in place of original items, in programming this can refer to alternative code paths or values.