Which of the Following Is True of a Subagent's Duties

question 54

Multiple Choice

Which of the following is true of a subagent's duties to a principal?

• A)A subagent does not owe the agent any of the duties that agents owe their principals.
• B)A subagent who knows of the original principal's existence also owes that principal all the duties agents owe their principals.
• C)The agent who appoints the subagent is not liable to the original principal when he/she is harmed by the subagent's conduct.
• D)A subagent owes the original principal for duties arising solely from the original principal's contract with the agent.

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Definitions:

Minimum Wage

The minimum wage permitted by law that employers can pay their employees, whether it's calculated by the hour, day, or month.

Backward-Bending Labor Supply Curve

As the wage rate rises, more and more people are willing to work longer and longer hours up to a point. They will then substitute more leisure time for higher earnings.

Hourly Wage

Compensation paid based on the number of hours worked, typically expressed as a rate per hour.

Consumer Price Index

A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, often used as an indicator of inflation.