An Agent Cannot Represent Both the Principal and a Third

question 60

Multiple Choice

An agent cannot represent both the principal and a third party in an agreement because there could be a[n] .

• A)Conflict of interest
• B)Consortium
• C)Absolution
• D)Disagreement
• E)Delineation of interest

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Definitions:

Opportunity Cost

The value of the next best alternative foregone as a result of making a decision.

Tractor

A type of heavy vehicle used mainly in farming to pull machinery and trailers and for plowing.

Motorcycle

A two-wheeled vehicle powered by an engine, designed for travel on public roads and often used for recreation or transportation.

Opportunity Cost

Represents the benefits an individual, investor, or business misses out on when choosing one alternative over another.