Identify the True Statement Concerning the Law of Principal and Agent

question 18

Multiple Choice

Identify the true statement concerning the law of principal and agent.

• A)An agent with no express authority can never bind his or her principal into a contract with a third party.
• B)An agent who puts himself in a position where the agent's interests conflict with those of the principal is in breach of his or her duties even though no actual harm comes to the principal.
• C)Agency is only created by way of a contract.
• D)The principal and his or her agent owe each other the same duties.
• E)An agent can never be liable to the third party himself or herself while the principal will bear no such liability.

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Definitions:

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