Which of the Following Is True of the Duty of Agents

question 53

Multiple Choice

Which of the following is true of the duty of agents to the principal?

• A)The duty not to use or disclose confidential information terminates after the agency ends.
• B)When conducting the principal's business,an agent can deal with himself.
• C)Except for compensation,an agent should not profit from acting on behalf of the principal.
• D)A gratuitous agent does not have the same fiduciary duty as a paid agent.

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Definitions:

Well-Regulated Militia

historically refers to a group of citizens organized for military service in order to provide for the common defense, as mentioned in the Second Amendment.

Bear Arms

The right to possess and carry weapons, often cited in the context of the Second Amendment of the United States Constitution.

Debts Incurred

The financial obligations or liabilities accumulated over time by an individual, organization, or country as a result of borrowing money or obtaining goods and services.

Independence

The condition of a nation, country, or state which exercises self-government, and sovereignty, free from external control.