Describe the Various Duties Owed by Agents to Their Principals

question 48

Essay

Describe the various duties owed by agents to their principals and illustrate the consequences of breaching these duties by giving examples.

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Definitions:

Neutralize

To make something ineffective by applying an opposite force or effect, often used in the context of reducing or eliminating threats or negative impacts.

Rejections and Refusals

The act of not accepting, approving, or agreeing to something, often communicated formally or in writing.

Organization's Culture

The shared values, beliefs, customs, and practices that influence the behavior and actions of members within an organization.

Layoffs

The action of dismissing employees, typically as a cost-saving measure or due to economic downturns, restructuring, or changes in business strategy.