Asked by Mariah Kenzie on Mar 10, 2024

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Verified

An agent may use the agency relationship to obtain property for himself or herself when the principal desired to obtain the same property.

Agency Relationship

A legal relationship in which one party, the agent, acts on behalf of another party, the principal, in business transactions.

Obtain Property

The act of gaining possession or control over property through legal means or transactions.

  • Ascertain the legal outcomes for agents and principals in instances of duty breaches.
verifed

Verified Answer

EA
Esperanza Abarca

Mar 10, 2024

Final Answer :
False
Explanation :
An agent has a fiduciary duty to act in the best interest of the principal, which includes avoiding conflicts of interest and not competing with the principal for property or opportunities.