Jody is an agent for Kwik Credit Company (KCC). In the course of Jody's performance for KCC, Jody pays Leo for certain auto main

Question

3 years ago

15

Jody is an agent for Kwik Credit Company (KCC). In the course of Jody's performance for KCC, Jody pays Leo for certain auto main

tenance and repair services. Jody's right to obtain the amount of those payments from KCC arises under the principal's duty of:

Business

2 answers:

DaniilM [7] · Answer 1 · 2022-05-29T20:59:12+03:00

DaniilM [7]3 years ago

4 0

Answer:

Answer is reimbursement.

Refer below.

Explanation:

Reimbursement is the demonstration of remunerating somebody for a cash based cost by giving them a measure of cash equivalent to what was spent.

Serjik [45] · Answer 2 · 2022-05-29T19:25:40+03:00

Answer:

D. Reimbursement

Explanation:

A principal may be defined as a company's agent dealing with a contractor. The principal has the duty to reimburse an agent for the amount of money used up while carrying out his/her duty. Reimbursement may be from expenses like cost of travelling, cost of meals, cost of lodging and so on. In other words, if an agent makes authorized spending while doing a job for the principal, the principal has the duty to reimburse the agent for the money spent.