A Principal Need Not Compensate His Agent If

question 19

Multiple Choice

A principal need not compensate his agent if:

• A)there was no agreement on the amount of compensation the agent was to receive.
• B)the agent has committed a breach of a fiduciary duty.
• C)there is no market price for the agent's services.
• D)the agent is a special agent.

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Definitions:

Globalization

The process by which businesses or other organizations develop international influence or start operating on an international scale, leading to increased interconnectedness and interdependence among global entities.

Worldwide Exchange

The global trading of goods, services, and financial assets among countries, influenced by international agreements and economic policies.

Western Bias

The inclination to favor Western or Eurocentric perspectives, often at the expense of ignoring or undervaluing other viewpoints.

First World

A term originally used during the Cold War to describe industrialized capitalist countries in North America, Western Europe, and their allies.