Asked by
Latonya Biggers
on Nov 28, 2024
Verified
A principal has a duty to pay an agent in a timely manner the customary compensation for services rendered.
Customary Compensation
Payment or remuneration that is considered standard or usual for a particular job or service within a specific industry or community.
Timely Manner
Completing tasks or fulfilling obligations within the expected or agreed timeframe.
Duty
An obligation or responsibility legally or morally bound upon an individual, organization, or entity.
- Acquire knowledge of the legal liabilities and rights afflicting principals and agents within the context of an agency bond.
Verified Answer
KH
Learning Objectives
- Acquire knowledge of the legal liabilities and rights afflicting principals and agents within the context of an agency bond.
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