Questions: Because courts never have legal authority

Because courts never have legal authority
Transcript text: Because courts never have legal authority
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Solution

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Answer

The answer is "Because courts never have legal authority."

Explanation
Option 1: Because courts never have legal authority

This option is incorrect because courts do have legal authority. They play a crucial role in interpreting and enforcing laws, including those related to agency relationships. Therefore, this is not a valid reason regarding an agent's duty to notify a principal.

Option 2: Because the principal entrusts the agent to handle operations when the principal cannot be at the place of business

This is a correct reason. The principal relies on the agent to manage affairs and make decisions in their absence, which includes notifying the principal of important information.

Option 3: Because courts find that information given to an agent is constructively delivered to the principal as well and hold the principal liable

This is also a correct reason. The legal doctrine of imputed knowledge means that information given to an agent is considered as having been given to the principal, making it essential for the agent to notify the principal.

Option 4: Because the agent is being compensated to work on behalf of the principal

This is a correct reason. Part of the agent's responsibilities, for which they are compensated, includes keeping the principal informed of relevant information.

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