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15.6: Concluding Thoughts

  • Page ID
    49132
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    Agency relationships are flexible and varied depending on the needs and interest of the principals and agents. Because the agency relationship is fiduciary in nature, agents and principals owe each other certain duties. Third parties may hold principals legally liable for the actions of their agents. Therefore, it is important for businesses to select their agents carefully to minimize their risk of liability.


    This page titled 15.6: Concluding Thoughts is shared under a CC BY 4.0 license and was authored, remixed, and/or curated by Melissa Randall and Community College of Denver Students via source content that was edited to the style and standards of the LibreTexts platform; a detailed edit history is available upon request.