Asked by
Timothy Barner
on Nov 28, 2024Verified
When an agent breaches an agency agreement, the right to avoid the contract can be exercised at the election of
A) the principal.
B) the agent.
C) any party with whom the agent contracted.
D) any of the choices.
Breaches
Instances of violation or non-compliance with laws, regulations, contracts, or standards.
Agency Agreement
A contract between two parties where one (the agent) agrees to represent or act on behalf of the other (the principal) in business dealings.
Avoid
To keep away from or refrain from engaging in something, often due to potential risks or negative outcomes.
- Examine the rights and liabilities present in the bond between a principal and an agent, including the options for recourse upon the breach of agreements.
Verified Answer
MH
Learning Objectives
- Examine the rights and liabilities present in the bond between a principal and an agent, including the options for recourse upon the breach of agreements.