By Defenition Flashcards
(6 cards)
0
Q
The person who hires the agent and delegates to the agent the responsibility of representing the principals interests.
A
The principal
1
Q
The person who is authorized to represent and act on the behalf of another person.
A
An agent
2
Q
The relationship of trust or confidence between the agent and the principal.
A
Fiduciary
3
Q
Is the fiduciary relationship between the agent and the principal.
A
Agency
4
Q
The principal
A
A client
5
Q
The third party with whom the agent deals when working on behalf of the principal.
A
A customer
