Which of the following is NOT true about an agent's duties? Question content...
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Accounting
Which of the following is NOT true about an agent's duties?
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Part 1
A.
Normally, an agent is required to render the same standard of care, skill, and diligence that a fictitious reasonable agent in the same occupation would render in the same locality and under the same circumstances.
B.
An agent who enters a contract with a principal has a duty to meet the standards of reasonable care, skill, and diligence implicit in all contracts.
C.
An agent who does not perform his or her express duties or who fails to use the standard degree of care, skill, or diligence is liable to the principal for damages.
D.
An agent owes no duty to notify the principal of important information learned concerning the agency.
E.
An agent who enters a contract with a principal has a duty to perform the lawful duties expressed in the contract.
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