Asked by
Mickala Weisner
on Nov 21, 2024Verified
Which of the following is a term used to describe the duty of an agent to communicate any information to the principal that the agent thinks could be important to the principal?
A) Duty of notification
B) Duty of information
C) Requirement of conveyance
D) Constructive notification
E) Constructive information
Duty of Notification
The obligation to inform or update relevant parties about important information or changes.
Constructive Information
Constructive information refers to knowledge that one is presumed by law to have, often because it is a matter of public record or because one should have discovered it by due diligence.
- Understand the responsibilities and commitments of agents to their principals, encompassing the obligation of execution and adherence.
Verified Answer
CB
Learning Objectives
- Understand the responsibilities and commitments of agents to their principals, encompassing the obligation of execution and adherence.