The Primary Function of an Agent in a Principal-Agent Relationship

question 23

Multiple Choice

The primary function of an agent in a principal-agent relationship is to:

• A)Protect the principal from legal liability.
• B)Conduct business on behalf of the principal.
• C)Enter into contracts with the principal.
• D)Operate as a partner with the principal.
• E)Maintain the principal's status quo.

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Definitions:

Weekly Schedule

A plan that outlines tasks, appointments, and activities over the course of a week.

Noon

The middle of the day, typically regarded as the moment when the sun is at its highest point in the sky.

Reminder Call

A phone call, often automated, intended to remind or alert someone about an appointment, due date, or other important event.

Recall Notice

A public notification issued by a manufacturer or regulatory agency to inform consumers about a product defect, contamination, or safety issue that may pose a risk.