Rights and Duties Flashcards by Lauren Y. | Brainscape

Q

What are the three duties that an agent owes to a principal?

A

Duty to exercise reasonable care
Duty to obey reasonable instructions
Duty of loyalty

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Q

Does being unpaid affect the duties an agent owes to a principal?

A

No

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Q

Pursuant to the duty of loyalty, what can an agent NOT do?

A

Usurp a business opportunity
Take in secret profits
Compete in competing businesses with the principal

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