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An agent with a conflict of interest to the principal: Must act in his own self...

An agent with a conflict of interest to the principal:

Must act in his own self interest.

Is probably committing fraud unless the agent fully discloses the conflict of interest to the principal.

May still represent the principal without disclosing the conflict of interest.

All of the above
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An agent is liable to third parties when

The principal is fully disclosed and the agent has only apparent authority.

The principal is fully disclosed and the agent has only implied authority.

The principal is unidentified.

None of the above

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Answer #1

The answer to the above mentioned question is as follows :-

1. An agent with a conflict of interest to the principal:

Ans : Is probably committing fraud unless the agent fully discloses the conflict of interest to the principal.

2. An agent is liable to third parties when :

Ans : The principal is unidentified.

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