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Not Only Does the Agent Have to Communicate Offers from Third

question 54

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Not only does the agent have to communicate offers from third parties,but the agent must also communicate any information the agent thinks could be important to the principal.This is known as the duty of collaboration.


Definitions:

Positive Nominations

A method used in research, particularly within the context of developmental psychology, where participants identify peers who exhibit positive qualities or behaviors.

Money Market Fund

A type of mutual fund designed to offer investors high liquidity with a very low level of risk by investing in short-term, high-quality financial instruments.

Mutual Fund

An investment company that pools individual investor dollars and invests them in large numbers of well-diversified securities.

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