NCh4 Duties Of The Principle To Agent (CRIP)

Question 1

The first principle’s duty to an agent (CRIP) is C for

Answer 1

Compensation- pay the commission when earned

Question 2

The second principle’s of duty to an agent is (CRIP) is R for

Answer 2

Reimbursement- repay approved expenses

Question 3

The 3rd principle’s duty to an agent is I for

Answer 3

Indemnification - defend the agent when the agent acts on the client’s interaction

Question 4

What principles duty (CRIP) to an agent is P for

Answer 4

Performance - comply with a written agreement