damianfrasieanu5571 damianfrasieanu5571

22-10-2019
Business

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The agency relationship is a fiduciary relationship based upon trust, and each party owes the other the duty act with the utmost good faith. True or false?

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Nonicorp1 Nonicorp1

30-10-2019

Answer:

True.

Explanation:

Agency relationships involve a principal,an agent and a third party. Essentially,the principal authorizes the agent to act and make decisions on his/her behalf with the third party.The agency relationship maybe explicit or implicit.

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