Which of the Following Statements Is True Regarding a Principal

question 39

Multiple Choice

Which of the following statements is true regarding a principal?

• A) A minor or an incompetent person can be a principal.
• B) A principal is a person who by agreement with the agent acts on behalf of and subject to the control of the agent.
• C) A principal's obligation is to act only in the interest of the agent.
• D) A principal must have capacity to contract.

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Definitions:

Indra Nooyi

A prominent business executive known for her leadership as the former CEO of PepsiCo, driving innovation and growth.

Father

A male parent or guardian responsible for raising and nurturing children, either biologically or through relationship roles.

Ethics

A set of moral principles that govern the behavior of individuals and institutions.

Values and Principles

Fundamental beliefs and guidelines that shape an individual's behavior and decision-making process, often reflecting what is important to them.