A Principal Need Not Compensate His Agent If

question 19

Multiple Choice

A principal need not compensate his agent if:

• A)there was no agreement on the amount of compensation the agent was to receive.
• B)the agent has committed a breach of a fiduciary duty.
• C)there is no market price for the agent's services.
• D)the agent is a special agent.

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Definitions:

Proofread

The process of reviewing written text to correct grammatical, typographical, or stylistic errors.

Clarity

The quality of being clear, understandable, and precise in expression or presentation.

Goodwill

The intangible asset that represents the value of a company's brand, customer relationships, and positive reputation.

Documentation

The capture, recording, and maintenance of documents or records that provide evidence or information pertaining to a specific topic or activity.