Remedies of the Agent for Breach of Duty by the Principal

question 50

True/False

Remedies of the agent for breach of duty by the principal follow normal contract and tort remedies.​

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Definitions:

Payments

The act of transferring money or other consideration from one party to another as fulfillment of an obligation or purchase.

Divisible Contract

An agreement comprising multiple promises or parts that can be separated and independently executed or enforced.

Consideration

Something of value exchanged between parties in a contract, making the agreement legally binding.

Enforceable Contract

A legally binding agreement capable of being upheld and imposed in a court of law.