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when is an agent liable on a contract that the agent entered into in the business of the agent’s principal? choose 3 answers.

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Tundexiidn

Basically, an agent is employed to carry out some responsibility on behalf of the principal for the third party in return for compensation.

In law, the principal which saddles the agent some responsibility on his behalf is liable for any damage or loss that occur as a result of the action of the agent.

Now, the scenario where the agent will be liabie for an action is when there is a agreement that the agent will cover loss that occurs while performing his duty.

However, the third party cannot recover loss from an agent, rather, can only be recovered from the principal in law..

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