A principal is not responsible for the acts of their single agent. True or False?

The statement that a principal is not responsible for the acts of their single agent is false. In the context of agency law, a principal is typically held responsible for the actions of their agents when those actions are performed within the scope of their agency relationship. This means that if the agent acts on behalf of the principal and within the authority granted by the principal, the principal can be held liable for those actions.

The relationship between principal and agent is foundational to real estate transactions, where agents represent clients and conduct transactions on their behalf. It is essential for principals to understand that they bear responsibility for the agent’s actions, provided those actions are authorized and within the agent's role. This holds true in various situations unless the agent has committed a crime or acted outside the scope of their authority.

Therefore, the assertion that a principal is completely exempt from responsibility for their single agent's acts is inaccurate, as accountability typically falls on the principal when the agent is acting appropriately within their specified duties.