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    Agency and Principal Relationship

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    Please help with the following problem:

    Discuss and explain this statement: "An agency results in a fiduciary relationship between an agent and a principal."

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    https://brainmass.com/business/business-law/agency-and-principal-relationship-583131

    Solution Preview

    The response is attached.

    Agent Principal Question
    'Discuss and explain this statement
    "An agency results in a fiduciary relationship between an agent and a principal.'

    Let's define the key terms in the statements.

    Fiduciary is someone that acts on behalf of and primarily for the benefit of another ...

    Solution Summary

    This solution provides a discussion of the meaning of the statement: "An agency results in a fiduciary relationship between an agent and a principal". The key terms are defined and explained. It defines terms such as fiduciary, fiduciary duty, agent.

    $2.19