Asked by
Elizabeth Cifranic
on Nov 10, 2024
Verified
Where an agent has been guilty of fraudulent misrepresentation, the agent must sue the principal.
Fraudulent Misrepresentation
Misleading (false) words made knowingly, without belief in their truth, or recklessly, causing injury.
Sue
To initiate legal proceedings against another party, typically for the recovery of a right or redress of a grievance.
- Understand the importance of fiduciary duties and the requirement for agents to prioritize principals' interests.
- Evaluate the impact that an agency relationship has on dealings with external parties.
Verified Answer
KR
Learning Objectives
- Understand the importance of fiduciary duties and the requirement for agents to prioritize principals' interests.
- Evaluate the impact that an agency relationship has on dealings with external parties.
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