Respuesta :
Yes, the principal has an obligation to pay the agent for liabilities resulting from the agent's lawful and authorized acts on the principal's behalf, subject to the provisions of the agency agreement.
In the language of law, someone who has been given the authority to act on behalf of another person or entity is referred to as an agent. To represent a client in discussions and other interactions with third parties, an agent may be hired. The agent may be given the power to make decisions.
Attorneys, who represent their customers in legal proceedings, and stockbrokers, who are employed by investors to make financial decisions, are two popular sorts of agents. In these cases, the agent's client is referred to as the principle. When referring to a fiduciary relationship in finance, it means that the agent has been given permission to operate in the client's best interest and on their behalf.
To know more about agent click here:
https://brainly.com/question/7495533
#SPJ4
