Duties Owed Between Agent + Principal

Question 1

Agent Duties

Answer 1

Loyalty work only to P’s benefit, not compete, usurp, take secret profits

Reasonable Care to perform w/ reasonable diligence & skill

Obedience to obey reasonable instructions

Notification & Accounting must keep P informed & account for funds

Question 2

Principal Duties

Answer 2

Compensate per express or implied agreement
Deal Fairly & In Good Faith & provide safe work environment
Cooperate & not interfere w/ A’s work
Indemnify & reimburse for losses not resulting from A’s wrongful conduct

Question 3

Agent’s Remedies

Answer 3

Breach of K

Injunctive Relief

Tort Damages

Rescission

Unjust Enrichment

Question 4

Principal’s Remedies

Answer 4

Breach of K

Rescission

Injunctive Relief

Tort Damages

Restitution

Accounting

Recovery of Secret Profits

Forfeiture of Compensation