Which of the Following Best Represents an Agent's Duty of Segregation

question 34

Multiple Choice

Which of the following best represents an agent's duty of segregation?

• A) The agent not dealing with the principal's property so that it appears to be the agent's.
• B) The agent should not profit or receive any other benefit from acting on behalf of the principal.
• C) The agent has a duty to act within her actual authority and to obey the principal's reasonable instructions.
• D) The agent may not use or communicate confidential information of the principal for the agent's own purpose.

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Definitions:

Total Liabilities

The combined amount of all debts and obligations a company owes to outside parties at a given time.

Total Assets

The aggregate of all assets owned by an entity, both current and non-current, as recorded in the financial statements.

Accounts Receivable

Amounts owed to a business for services performed or goods delivered.

Percentage Increase

A measure of how much a certain quantity grows over a specific period, expressed as a percentage of the original amount.