DUTIES OF AN AGENT TOWARDS THE PRINCIPAL

Question 1

MAIN DUTIES OF AN AGENT TOWARDS THE PRINCIPAL

Answer 1

1. OBEY THE PRINCIPAL’S INSTRUCTIONS
2. IF THERE IS NO INSTRUCTION, THE AGENT MUAST ACT ACCORDING TO THE CUSTOMS THAT PREVAIL IN DOING BUSINESS OF THE SAME KIND
3. THE AGENT MUST USE ALL HIS SKILLS HE POSSESSES IN DOING HIS WORK
4. TO RENDER PROPER ACCOUNTS WHEN REQUIRED
5. TO COMMUNICATE WITH THE PRINCIPAL DURING EMERGENCY/ DIFFICULTY
6. MUST ACT IN GOOD FAITH AND NO CONFLICT IN INTEREST
7. CANNOT MAKE ANY SECRET PROFIT
8. MUST PAY HIS PRINCIPAL ALL SUMS RECEIVED ON HIS BEHALF