duties of agent and principal

Definition

Agent's duties include: to (1) act on behalf of and be subject to the control of the principal, (2) act within the scope of authority or power delegated by the principal, (3) discharge his or her duties with appropriate care and diligence, (4) avoid conflict between his or her personal interests and those of the principal, and (5) promptly hand over to the principal all monies collected on principal's behalf. Principal's duties include: to (1) compensate the agent as agreed, and (2) indemnify the agent against claims, liabilities and expenses incurred in discharging duties assigned by the principal. See also master servant rule.

单词	duties of agent and principal
释义	duties of agent and principal Definition Agent's duties include: to (1) act on behalf of and be subject to the control of the principal, (2) act within the scope of authority or power delegated by the principal, (3) discharge his or her duties with appropriate care and diligence, (4) avoid conflict between his or her personal interests and those of the principal, and (5) promptly hand over to the principal all monies collected on principal's behalf. Principal's duties include: to (1) compensate the agent as agreed, and (2) indemnify the agent against claims, liabilities and expenses incurred in discharging duties assigned by the principal. See also master servant rule.
随便看	date of packaging date of record date of service date of substantial completion dates conversion dating datsu chaku datum daughterboard Davis-Bacon Act DAX 100 daybook daycount day-end closing daylight saving time Day of the Jackal fraud day order daypart day rate days accounts payable (Days A/P) days accounts receivable (Days A/R) days date days of grace days payable days receivable