The principal has several remedies available, including for breach of fiduciary duties and remedies if the agent engages in misrepresentation, negligence, deceit, libel, slander or trespass. Anything that the agent obtains by virtue of the agency relationship belongs to the and will be considered held in for the principal. If the agent breaches the agreement, the principal also has a right of . Finally, if the principal is sued for the agent’s negligent conduct, the principal can sue the agent for .
Fill in the blanks with words that would best complete the passage.
1. avoidance
2. contractual
3. abeyance
4. indemnification
5. principal
6. criminal
7. agent
8. constructive trust

 The principal has several remedies available, including   Indemnification for breach of fiduciary duties and Contractual remedies if the agent engages in misrepresentation, negligence, deceit, libel, slander or trespass. Anything that the agent obtains by virtue of the agency relationship belongs to the Principal and will be considered held in Constructive trust .  If the agent breaches the agreement, the principal also has a right of Avoidance.  Finally, if the principal is sued for the agent’s negligent conduct, the principal can sue the agent for Indemnification

Explanation:

Indemnification : is the compensation that is paid for a loss in failing to do or carry out the contractual agreement.

Contractual: is a deliberate agreement that is legally bound between the parties that enter into the contract.

Principal : is the individual that direct or gives order to an agent to act on a certain case or an issue on his behalf

Constructive trust : is the remedy that is giving out by a court of law to the party that has been knowingly or unknowingly cheated of his or her rights by another individual who has held on to a legal property that he is not the owner or by enriching wrongly.

Avoidance : is the right that a principal has to terminate or nullify any contract  that has been breached or negotiated by the agent.

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