Which of the Following Statements Is True of an Agent

question 41

Multiple Choice

Which of the following statements is true of an agent taking an opportunity?

• A) An agent can legally take an opportunity that is entitled to the principal.
• B) A third-party offer to an agent need not be conveyed to the principal.
• C) An agent cannot appropriate an offer for him- or herself once the principal rejects it.
• D) A principal is permitted to recover an opportunity usurped by an agent.

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Definitions:

Common Reaction

A typical or widespread response or behavior that people exhibit in a specific situation.

Concern

Concern refers to a feeling of worry or care about a particular issue or situation, often prompting individuals to take action or seek solutions.

Creative Thinking

The ability to think in novel and unconventional ways in order to come up with unique solutions to problems or to generate original ideas.

Dominant Response Tendency

The inclination to respond in the most familiar or likely way in any given situation, especially under stress or pressure.