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
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)