Ask Question
6 March, 12:29

Which of the following statements, if any, represent a principal's duty to an agent who works on a commission basis?

I. The principal is required to maintain pertinent records and pay the agent according to the terms of their agreement.

II. The principal is required to reimburse the agent for all authorized expenses incurred unless the agreement calls for the agent to pay expenses out of the commission.

A. I only.

B. II only.

C. Both I and II.

D. Neither I nor II.

+3
Answers (1)
  1. 6 March, 12:43
    0
    C

    Explanation:

    Here both statements I and II represent a principal's duty to an agent who works on a commission basis.

    that is The principal is required to maintain pertinent records and pay the agent according to the terms of their agreement and also he is required to reimburse the agent for all authorized expenses incurred unless the agreement calls for the agent to pay expenses out of the commission.

    Hence, option C is correct
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which of the following statements, if any, represent a principal's duty to an agent who works on a commission basis? I. The principal is ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers