Duties of Principals to Agents Flashcards

1
Q

Duty to Indemnify:.

A

P indemnifies A for costs, expenses, and/or damages incurred by A in scope of agency (assume A acting w.in scope of actual authority, or when acting for Ps benefit and/or in accordance w any agmt

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2
Q

Duty of GF & Fair Dealing

A

P deal w A fairly & in GF (inform re: risk of harm, financial loss P knows/reasonably should know)

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