A principal has the following duties to its agent, except : b. duty to reimburse.
Reimbursement is reimbursement given by a business for out-of-pocket costs spent or excess payments made by a worker, a client, or a third party. Common instances are the reimbursement of business expenses, insurance premiums, and overpaid taxes. Reimbursement is not taxed, in contrast to conventional pay. The most frequent association of reimbursement is with business expenses. Numerous businesses have guidelines describing when they will pay employees back for out-of-pocket spending. These costs are typically connected to travel and can include the price of lodging, meals, ground transportation, and flights (travel reimbursement). The insurance sector uses reimbursement in addition to business expenses.
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