NCh4 Duties Of The Agent To The Princlple (OLD CAR)

Question 1

The first duty of the principle to the agent (OLD CAR) is O for

Answer 1

Obedience - follow instructions

Question 2

The second duty of the agent to the principal (OLD CAR) is L for

Answer 2

Loyalty - this is the most important duty, place your clients best interest first

Question 3

The third duty of an agent to his principal (OLD CAR) is D for

Answer 3

Disclosure - reveal all facts given non legal advice and opinions

Question 4

The fourth duty have an agent to his principal (OLD CAR) is C for

Answer 4

Confidentiality - protect the private information of your client forever

Question 5

The fifth duty of an agent to his principal (OLD CAR) is A for

Answer 5

Accounting - handle funds with care

Question 6

The sixth duty of an agent who is principal (OLD CAR) is R for

Answer 6

Reasonable care - protect the property and private interest of your client