Duties Agent Owes to Principal

Question 1

What are the three duties an agent owes to its principal?

Answer 1

In return for reasonable compensation and reimbursement of expenses, agents owe:

1) Duty of care	    2) Duty to obey REASONABLE instructions (i.e. lawful    3) Duty of loyalty: The agent may never do any of the following:
       a. Self-dealing: receiving a benefit to the detriment of the principal
       b. Usurping the principal's opportunity
       c. Secret profits: making a profit at the principal's expense without disclosure