Which of the Following Is True of an Agent's Duty

question 20

Multiple Choice

Which of the following is true of an agent's duty to obey a principal's instructions?

• A)An agent may always substitute his/her personal judgment for that of the principal.
• B)An agent has no power to exercise his/her best judgment to further the interests of the principal,if no instruction is given.
• C)An agent will be liable for any loss to the principal caused by failure to follow instructions.
• D)An agent may ignore the principal's instructions if they seem unwise or not truly in his/her best interests.

---

Definitions:

Definition of Wisdom

The quality of having experience, knowledge, and good judgment; the soundness of an action or decision with regard to the application of such experience, knowledge, and good judgment.

Change Over Time

The concept of transformation or variation in conditions, characteristics, or perceptions across different periods.

Phlegmatic

Describes a personality type characterized by calm, unemotional, and relaxed traits.

Choleric

One of the four temperament types, characterized by a quick, intense, and easily provoked nature.