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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.
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