Agency
What is the principal's duty to the agent in an agency relationship?
ANo duties are owed to the agent
BThe principal must compensate, reimburse for expenses, indemnify from losses, and cooperate with the agent✓ Correct
CThe principal only owes compensation
DThe principal owes fiduciary duties to the agent
Explanation
The principal owes the agent: compensation as agreed, reimbursement for legitimate expenses, indemnification against losses suffered in performing authorized acts, and cooperation to allow the agent to perform their duties.
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