MCQOPTIONS
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| 1. |
Which one of the following statements is correct: |
| A. | An innocent principal is not liable for the fraud of his agent |
| B. | An innocent principal is liable for the fraud of his agent |
| C. | An innocent agent is liable for all frauds of his principal |
| D. | None of the above is correct. |
| Answer» B. An innocent principal is liable for the fraud of his agent | |