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Business LibreTexts

14.1: Introduction: Relationships between Principal and Agent

  • Page ID
    11274
  • Learning Objectives

    After reading this chapter, you should understand the following:

    • Why agency is important, what an agent is, and the types of agents
    • What an independent contractor is
    • The duties owed by the agent to the principal
    • The duties owed by the principal to the agent