Which of the Following Is a Duty of a Principal

question 1

Multiple Choice

Which of the following is a duty of a principal to an agent?

• A)duty of loyalty
• B)duty to indemnify for reasonable expenses
• C)duty to provide information
• D)All of these are correct.

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Definitions:

Invest

Dedicating financial resources with the objective of achieving income or profit returns.

Fund

A pool of money set aside for a specific purpose or allocated for investing in various assets.

Interest

The cost of borrowing money or the return on investment, usually expressed as a percentage of the principal.

Define

to explain the meaning of a word or phrase.