Asked by Mitylene Bailey on Apr 30, 2024
Verified
An agent cannot represent both the principal and a third party in an agreement because there could be a(n) ________.
A) consortium
B) collusion
C) conflict of interest
D) conflict of laws
E) abeyance
Conflict of Interest
A situation in which a person's or entity's personal interest interferes with their ability to make impartial decisions.
Consortium
A group of companies or organizations that join together for a common purpose, often to undertake a substantial project beyond the resources of any single member.
Collusion
A secret agreement or cooperation between two or more parties for a deceitful, illegal, or fraudulent purpose.
- Comprehend the fiduciary responsibilities agents bear towards principals and the ramifications of breaches of such duties.
Verified Answer
Learning Objectives
- Comprehend the fiduciary responsibilities agents bear towards principals and the ramifications of breaches of such duties.
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