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What duties does an agent owe to the principal? (200 words)

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Business law: What duties does an agent owe to the principal?

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The major duties of the agent to the principal are those of care, obedience, and loyalty-similar to those of a trustee.

The agent must act solely for the interests of his principal and therefore must account for any financial benefit ("secret profit") he might derive from a transaction. In other ...

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Sheetal Jain, PGDM
Education
  • BComm, University of Delhi
  • Post Graduate Diploma in Management (Equivalent to MBA), All India Management Association
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