Final answer:
In the context of law, a licensee who is dishonest with his/her principal is engaging in misconduct and can face legal repercussions.
Step-by-step explanation:
In the context of law, a licensee who is dishonest with his/her principal is engaging in misconduct. This behavior can be considered a breach of the duty of honesty and loyalty that a licensee owes to their principal.
For example, in a real estate context, if a real estate agent misrepresents information about a property to a seller, they are being dishonest with their principal, the seller. This can lead to legal consequences such as the termination of the licensee's contract, or even lawsuits for fraud.
In summary, in the legal field, a licensee who is dishonest with his/her principal can be seen as engaging in misconduct, and can face legal repercussions for their actions.