______________ is the right of a principal to sue an agent to recover any amount assessed against the principal for a breach of contract caused by the agent's negligence.

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01-03-2018
Social Studies

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______________ is the right of a principal to sue an agent to recover any amount assessed against the principal for a breach of contract caused by the agent's negligence.

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MrsTriplet MrsTriplet · Answer 1 · 2018-03-11T02:34:08+01:00

Imdemnity is the right of a principal to sue an agent to recover any amount assessed against the principal for a breach of contract caused by the agent's negligence.

Imdemnity, in business law, states that one company has to compensate for any loss of another party due to their actions. This is a contractual agreement between both parties for what has previously occurred or in the future if something were to happen.