Q,act as an agent of P, lawfully and reasonably incur the amount of N350 as expenses.If Q comes to P, for payment , this is an instance of P'S duty to

Assessment: JAMB UTME - Commerce - 1999 Subject: Commerce

Question 1 Report

Q,act as an agent of P, lawfully and reasonably incur the amount of N350 as expenses.If Q comes to P, for payment , this is an instance of P'S duty to
Answer Details
In this scenario, Q has acted as an agent for P and has incurred expenses of N350 that are lawful and reasonable. If Q comes to P for payment, it becomes P's duty to indemnify Q. This means that P is obligated to compensate Q for any losses, damages or expenses that were incurred while acting on P's behalf. Therefore, in this scenario, P must compensate or reimburse Q for the expenses incurred.

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