Asked by Amanda Nazimi on Jul 04, 2024
Verified
The principal can sue the agent, and may be entitled to a variety of contract and tort remedies beyond those stated in the contract, if an agent breaches his or her duties.
Contract Remedies
Legal solutions provided in case of a breach of contract, including compensation, specific performance, and rescission, designed to address or correct the breach.
Tort Remedies
Legal solutions available in tort law for injuries or damages, including restitution, damages compensation, and injunctive relief.
Agent Duties
Obligations that an agent owes to their principal, including acting in the principal's best interest, with care, loyalty, and confidentiality.
- Determine the legal consequences for agents and principals upon the violation of their obligations.
Verified Answer
ZK
Zybrea KnightJul 06, 2024
Final Answer :
True
Explanation :
The principal can sue the agent for breach of contract or for tortious acts (e.g., negligence, breach of fiduciary duty) committed by the agent, and may be entitled to remedies beyond those specified in the contract, including damages, restitution, and injunctive relief.
Learning Objectives
- Determine the legal consequences for agents and principals upon the violation of their obligations.