Anything that an agent obtains by virtue of the employment or agency relationship is his or hers to keep.
true
false

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08-12-2022
Business

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Anything that an agent obtains by virtue of the employment or agency relationship is his or hers to keep.
true
false

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SanofarAfrin SanofarAfrin · Answer 1 · 2022-12-15T06:24:52+01:00

This claim is untrue. Anything a representative receives as a result of their employment or representative status is not theirs to keep.

Why does an agent in an agency partnership have the authority to speak for the client?

A principle selects an agent to stand in for them and protect their interests. Examples include selecting a fund manager as an investor might or hiring a lawyer for legal assistance. A principal-agent problem arises if there is a conflict of interest between the two.

What does the partnership's agency relationship mean?

When one person works on behalf of another and has the power to enter into contracts on the principal's behalf, there is a fiduciary relationship between the two parties that is in both parties' best interests. It could be either a personal or professional relationship.

Learn more about agency relationship: https://brainly.com/question/15129864

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Anything that an agent obtains by virtue of the employment or agency relationship is his or hers to keep. true false

Respuesta :

Why does an agent in an agency partnership have the authority to speak for the client?

What does the partnership's agency relationship mean?

Otras preguntas

Anything that an agent obtains by virtue of the employment or agency relationship is his or hers to keep.
true
false