An Agent Cannot Represent Both the Principal and a Third

question 50

Multiple Choice

An agent cannot represent both the principal and a third party in an agreement because there could be a ______.

• A) Consortium
• B) Disagreement
• C) Conflict of interest
• D) Delineation of interest
• E) Absolution

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Definitions:

Incorporate

Refers to the process of legally declaring a company as a separate entity from its owners.

Staff Planners

Professionals or tools focused on optimizing workforce distribution to ensure that the right number of employees with the right skills are in the right place at the right time.

Major Components

The primary or most important parts that make up a system, structure, or entity.

Benchmarking

The practice of comparing business processes and performance metrics to industry bests and best practices from other companies.