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:
Positive statement
Positive statement
normative statement
normative statement
Explanation:
Positive Economics is objective and statements are usually based on facts and economic theory. They can be tested.
For example, the statement - the lack of effective regulation contributed to a risk-seeking culture in the financial services industry- can be test empirically
Normative economics is based value judgements, opinions and perspectives. For example, the statement - Central banks should have imposed tighter regulations on banks to prevent the financial crisis- is based on opinion. Everyone would have an opinion on what the Central bank should have done
Answer:
for this problem the answer would be A. 3.08
Explanation:
Add the expenses and freight (3,500+1,750)
Subtract that from 43,500 (43,500-5250 which equals 38,250). Divide 38,250 by 12,400.
38,250÷12,400=3.08
Answer: (B)
Explanation:
The period after graduating or leaving school before you must begin paying back student loans.
Answer:
<u>A Star.</u>
Explanation:
The Boston Consulting Group (BCG) matrix depicts a product's market share against the market growth rate. The matrix is also known for it's cow- dog metaphor.
The matrix represents 4 situations namely:
1. Stars : Products with high market share in high growth markets i.e high- high situation.
2. Cash Cows: Products with high market share in low growth markets.
3. Question Mark: Products with low market share in a high growth markets.
4. Dogs: Products with low market share in low growth markets.
In the given case, the product dominates the market i.e high market share. Secondly, it operates in a high growth market. Which means, the product belongs to the situation of a Star.