An Agency Agreement Created for the Agent's Benefit,not for the Principal's,is

question 100

Multiple Choice

An agency agreement created for the agent's benefit,not for the principal's,is ________.

• A)a mutually-exclusive agency
• B)an agency coupled with an interest
• C)void at the election of the principal
• D)void at the election of the agent
• E)void ab initio

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Definitions:

Principal

In finance, refers to the original sum of money borrowed in a loan, or invested, separate from interest or profit.

Corresponding Right

A right that matches or is equivalent to an obligation, duty, or entitlement in a jurisprudential context.

Indemnify

To compensate for harm or loss sustained, or to protect someone by promising to compensate for the damage or loss they might incur.

Tort Claim

A legal claim arising from an act or omission that causes harm or injury, which is not derived from a contract breach.