Question

question 14 (2.5 points) agency relationships are not crucial in the business world. true false question 15 (2.5 points) an agency relationship created for an illegal purpose is enforceable. true false question 16 (2.5 points) an agent can represent two principals in the same transaction as long as neither of them knows about it. true false question 17 (2.5 points) one of an agents duties is to keep and make available to the principal an account of all property and funds received and paid out on the principals behalf. true false

Explanation:

• Question 14: Agency relationships are crucial in business for tasks delegation and expansion, so the statement is false.
• Question 15: An agency relationship for an illegal purpose is void and unenforceable due to public - policy reasons.
• Question 16: An agent has a duty of loyalty and cannot represent two principals in the same transaction without disclosure and consent, so this is false.
• Question 17: One of an agent's fiduciary duties is to account for property and funds received and paid on the principal's behalf, so this is true.

Answer:

Question 14: B. False
Question 15: B. False
Question 16: B. False
Question 17: A. True