Agents Breach Their Duty of Loyalty by Buying for the Principal

question 18

Multiple Choice

Agents breach their duty of loyalty by buying for the principal from themselves even if they charge a fair price. Which of the following common law duties of an agent does this violate?

• A) Duty of indemnification
• B) Duty to obey instructions
• C) Duty of loyalty
• D) Duty to account for funds and property

Comprehend the prescriptive nature of adaptive leadership behavior.

Identify the steps a leader should take when faced with an adaptive challenge.

Recognize the discrepancy between espoused values and actual behaviors within an organization.

Know the number and types of behaviors exhibited by adaptive leaders.

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Definitions:

Medical Advice

Recommendations or guidance given by health professionals based on medical knowledge and expertise to aid in decision-making or addressing health concerns.

Toxic Agents

Substances that are harmful or lethal to living organisms, including chemicals, pollutants, or biological toxins.

Climate Change

The long-term alteration of temperature and typical weather patterns in a place, largely due to human activities, such as burning fossil fuels.

Risk Society

A societal framework characterized by the prevalence of risks and uncertainties, particularly those stemming from technological and environmental changes.