When Agents Make Advances from Their Own Funds in Conducting

question 27

Multiple Choice

When agents make advances from their own funds in conducting the principal's business, the principal has:

• A) no duty to reimburse the agent because the agent has assumed the burden.
• B) a duty to reimburse the agent for expenses incurred for the principal.
• C) a duty to reimburse the agent even if the agent is not acting within the scope of his/her authority.
• D) no duty to reimburse the agent because the agent commingled fungible goods.

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