Asked by Khush Bhullar on May 19, 2024
Verified
An agent's obligation to perform the duties specified in the agency agreement with reasonable skill and care is part of the agent's duty of ________.
A) cooperation
B) notification
C) loyalty
D) performance
E) obedience
Duty of Performance
An obligation of a party in a contract to fulfill the terms and conditions as agreed within the contract.
Reasonable Skill
A term used to describe the level of competence that a professional or practitioner is expected to display in their field, often used in legal contexts to establish standards for professional services.
- Acquire knowledge of the legal concepts dictating the dynamics of agency relationships, focusing on how they are established, along with the obligations, rights, and authorities of both agents and principals.
- Acknowledge the obligations agents are bound to fulfill towards their principals and grasp the implications of not adhering to these duties.
Verified Answer
CC
cicney charlesMay 24, 2024
Final Answer :
D
Explanation :
The agent owes a duty of performance to the principal.This includes an obligation to perform the duties specified in the agency agreement with reasonable skill and care.The agent is expected to provide the same standards of skill,care,and professionalism that a reasonable person in the same situation would provide.
Learning Objectives
- Acquire knowledge of the legal concepts dictating the dynamics of agency relationships, focusing on how they are established, along with the obligations, rights, and authorities of both agents and principals.
- Acknowledge the obligations agents are bound to fulfill towards their principals and grasp the implications of not adhering to these duties.
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