In a Principal-Agent relationship, which of the following is the term for power specifically given to the agent? O Apparent Power O Express Power O Implied power O none of the above A bond is not a type of insurance policy. O True O False The relationship between a principal and an agent is one of extreme importance. The agent owes the principal a fiduciary duty, which means: O The agent must always act in good faith with the principal O The agent is allowed to enter into contracts for the owner O The agent must always act in the principal's best interest and never in the agent's interest O none of the above In general, what is the purpose of a bond? O To restore the bond holder in case of a loss or damage. O To ensure that a business entity or person fulfills some task. O Both a and b O none of the above