Discover a world of knowledge at Westonci.ca, where experts and enthusiasts come together to answer your questions. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.
Sagot :
When agents do not act in the best interest of their principals, the cost is borne by both the principal and agent.
A person who has been given the authority to act on behalf of another person or entity is referred to as an agent in the legal community. A customer may hire an agent to act on their behalf in discussions and other interactions with third parties. A decision-making role for the agent is conceivable.
Lawyers who represent their clients in court and stockbrokers who are employed by investors to help them make investment decisions are two frequent sorts of agents. In these cases, the agent's principal is the person being represented by the agent. It is a term used in finance to describe a fiduciary relationship when an agent is given permission to act on behalf of and in the best interests of the client.
learn more about agent here
https://brainly.com/question/28342517
#SPJ4
Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Thank you for choosing Westonci.ca as your information source. We look forward to your next visit.
