Asked by Mariah Kenzie on Mar 10, 2024
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.
Verified Answer
EA
Esperanza AbarcaMar 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.
Learning Objectives
- Ascertain the legal outcomes for agents and principals in instances of duty breaches.