If the agent is disloyal to the principal:
a. the agency agreement automatically terminates and the principal may rescind the transaction.
b. the principal has the right to collect any actual damages sustained as a result of the agent's disloyalty.
c. the principal has a right to recover any profits earned as a result of his agent's disloyal conduct.
d. All the above are correct.
d
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Strategic _______ are decisions made by the top management team with respect to important factor conditions such as markets and technology.
a. Avenues b. Choices c. Possibilities d. Imperatives
Xtreme Xcellence, a worldwide leader in athletic apparel products, operates divisions in North America, South America, Europe, and Asia-Pacific. Each division is managed independently and has its own line and staff departments to better align with
A. product. B. geographies. C. matrix lines. D. customer. E. functions.
A limited liability company can be taxed as a partnership
Indicate whether the statement is true or false
On February 15, Jewel Company buys bonds of Marcelo Corp. for $200,800. The investment is classified as available-for-sale securities. This is the company's first and only investment in available-for-sale securities. On December 31, the bonds had a fair value of $201,900. The entry to record the year-end adjustment is:
A. Debit Fair Value Adjustment-Available-for-Sale $1100; credit Realized Gain-Income $1100. B. Debit Fair Value Adjustment-Available-for-Sale $1100; credit Interest Revenue $1100. C. Debit Fair Value Adjustment-Available-for-Sale $1100; credit Unrealized Gain-Equity $1100. D. Debit Cash $1100; credit Gain on Sale of Investments $1100. E. Debit Cash $1100; credit Dividend Revenue $1100.