A duty that a principal owes to pay an agreed-upon amount to the agent either upon the completion of the agency or at some other mutually agreeable time is known as a principal's duty to compensate.
<h3>What is
principal's duty to compensate?</h3>
An agency connection may be complimentary or compensated. The principal is required to pay the agent reasonable compensation if the conditions of compensation are not specified in the agency agreement.
The main duty owed to the principal are-
- A principal's obligations to an agent are primarily to pay the agent as agreed upon and to indemnify and hold harmless the agent from any claims, liabilities, or costs incurred as a result of the agent properly carrying out the principal's instructions.
- A principal has legal obligations to fulfil toward an agent.
- The two main obligations a principle has to an agent are to pay the agent as agreed upon and to indemnify and hold the agent harmless from any claims, liabilities, or costs incurred as a result of the agent properly carrying out the principal's instructions.
- The principal is responsible for paying the agent any commissions that may be due to him in that capacity, as well as any other money owed to the agent for advances made or legitimate expenditures spent by the agent while acting as the principal's agent.
Therefore, unless the agent has decided to act for free or gratuitously, the principal must pay the agent.
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Answer: False
Explanation:
The given statement is false that the activity system maps does not depict any type of geographical research for the purpose of business strategies in the company.
The activity system maps is one of the type of tool in an organization that basically used for identifying the various types of competitive advantages of the company.
It also helpful in decision making process such as infrastructure decisions and also manage all the operations and functions of the organization. It basically connecting with the values of the company.
Therefore, The given statement is false.
Answer: The final stage is Post-Purchase Behavior
Explanation:
Answer:
Generally real estate liens are prioritized following a temporal order, from first to last. This applies to all liens except taxes. Taxes are always first and they are collected before any other lien in the event of a foreclosure.
In this case, the following priority would go to the mechanic's lien from the the general contractor (as a result from court order), then the mortgage, and finally the other creditors.