A Principal Who Instructs an Agent to Perform an Unethical

question 67

True/False

A principal who instructs an agent to perform an unethical act will have no recourse against an agent who refuses to perform.

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Definitions:

Secured Creditors

Creditors who are given a security interest in an asset of the debtor, which provides them with the right to seize the asset if the debt is not repaid according to agreed terms.

Automatic Stay

A provision in bankruptcy law that halts actions by creditors to collect debts from a debtor who has declared bankruptcy.

Adequate Protection

A principle in bankruptcy law that ensures creditors receive protection against the depreciation of their collateral during a bankruptcy case.

Automatic Stay

A provision in bankruptcy proceedings that halts most legal actions against the debtor, providing temporary relief from creditors, evictions, and certain lawsuits.