When Agents Make Advances from Their Own Funds in Conducting

question 34

Multiple Choice

When agents make advances from their own funds in conducting the principal's business,the principal:

• A)has no duty to reimburse the agent because the agent has assumed the burden.
• B)has a duty to reimburse the agent for expenses incurred for the principal.
• C)has a duty to reimburse the agent even if the agent is not acting within the scope of his/her authority.
• D)has no duty to reimburse the agent because the agent commingled fungible goods.

---

Definitions:

Select Data Type

A command or option in programming and databases used to define the kind of data an element or variable will hold, such as integers, strings, or dates.

Save Button

A graphical user interface element that, when clicked, saves the current state of a document, file, or application.

Save Changes

The action of securely storing modifications made to a document or settings within an application or system.

Record

A collection of related items of information stored together, often in a database or a document.