Duties of Principal to Agent Flashcards

1
Q

Duty of Exoneration and Indemnification

A

Principals must indemnify the agents for costs that the agent incurs.

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2
Q

Duty to Compensate

A

(1) In express contracts, where the contract expressly provides for compensation
(2) In implied contracts, if an implied contract is proven where the circumstances must be such that the plaintiff could reasonably assume he was to be paid and that the defendant should have reasonably expected to pay for such services.

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