QuestionJuly 18, 2025

Jackson Lumber hires Owen to purchase wood from various sources on behalf of Jackson Lumber. In this relationship, Jackson Lumber is the agent. employee. independent contractor. principal.

Jackson Lumber hires Owen to purchase wood from various sources on behalf of Jackson Lumber. In this relationship, Jackson Lumber is the agent. employee. independent contractor. principal.
Jackson Lumber hires Owen to purchase wood from various sources on behalf of
Jackson Lumber. In this relationship, Jackson Lumber is the
agent.
employee.
independent contractor.
principal.

Solution
3.4(181 votes)

Answer

principal. Explanation In this scenario, Jackson Lumber is the principal because it is the entity that Owen represents while purchasing wood. Owen acts on behalf of Jackson Lumber in a fiduciary capacity.

Explanation

In this scenario, Jackson Lumber is the principal because it is the entity that Owen represents while purchasing wood. Owen acts on behalf of Jackson Lumber in a fiduciary capacity.
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