Which of the Following Is an Example of an Agent's

question 34

Multiple Choice

Which of the following is an example of an agent's breach of fiduciary duty to his principal?

• A) The agent takes presents from the third party and passes them on to the principal.
• B) An agent for the vendor makes a profit on the transaction he negotiated for his vendor above his commission and doesn't tell his principal/vendor.
• C) An agent for the vendor collects a commission from the purchaser but told his principal and obtained his consent.
• D) An agent discloses to his principal/vendor that he is giving some of his commission to the purchaser to induce the purchaser to sign the contract that the principal/vendor wants.
• E) An agent negotiates a higher price than the highest sale price reasonably possible at that time.

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Definitions:

Tower Of Hanoi

The Tower of Hanoi is a mathematical puzzle that consists of three pegs and a number of disks of different sizes which can slide onto any peg, with the objective being to move all the disks from one peg to another, obeying certain rules.

Recursive Algorithm

An algorithm that solves a problem by repeatedly calling itself with modified parameters until a base condition is met.

Tower Of Hanoi

A mathematical puzzle consisting of three rods and a number of disks of different sizes which need to be moved from one rod to another under specific rules.

Years

Units of time representing a period of approximately 365 days or 12 months, used to measure duration or age.