Asked by Jordan Hidayat on May 20, 2024
Verified
Which of the following is true of subagents?
A) They must be appointed by the principal,though they report to the agent.
B) They are considered to be agents of the agent,but not of the principal himself.
C) Subagents do not have the authority to bind a principal,but can bind the agent.
D) For a subagency to exist,an agent must have the authority to make the subagent his agent.
Subagents
Agents appointed by another agent with the primary agent's permission and acting on behalf of the original client within the scope of the delegated authority.
- Acquire knowledge about the legal differentiations and meanings relating to principal, agent, and subagent.
Verified Answer
JA
Joseph AbrahamMay 22, 2024
Final Answer :
D
Explanation :
A subagent is a person appointed by an agent to perform tasks that the agent has undertaken to perform for his principal.For a subagency to exist,an agent must have the authority to make the subagent his agent for conducting the principal's business.
Learning Objectives
- Acquire knowledge about the legal differentiations and meanings relating to principal, agent, and subagent.