Question 34
Law of AgencyAn agent must not make any secret profits in the performance of his duties but can only be rewarded by his principal through
- A.remuneration and indemnity
- B.payment of commission and salary
- C.granting of business concessions
- D.forwarding of business links.
Show the answer and explanation
Answer: B (payment of commission and salary)
Explanation
An agent is rewarded openly by the principal through commission or salary, not secret profits.