Skip to main content
Business LibreTexts

14: Relationships between Principal and Agent

  • Page ID
  • Learning Objectives

    After reading this chapter, you should understand the following:

    1. Why agency is important, what an agent is, and the types of agents
    2. What an independent contractor is
    3. The duties owed by the agent to the principal
    4. The duties owed by the principal to the agent