Rights and Duties of Principals

Question 1

Rights and Duties of Principals

Answer 1

5 Rights
Control agent actions
Expect agent will carry out duties with reasonable care.
Expect loyalty and obedience from the agent.
Receive notice about relevant issues.
Receive accounting to property and funds.

5 Duties
Treat agent with fairness and act in good faith
Comply with contracts made with conformity.
Comply with agreements to compensate.
Not interfere with the work of an agent.
To reimburse.

Question 2

Rights and Duties of an Agent

Answer 2

4 Rights
To be compensated
To non-interference
To receive reimbursement
To work in a safe environment 

Agent’s Duties to Principals
Duty of loyalty and duty of care including: acting in accordance with contract, acting with reasonable care, acting with obedience, providing information to the principal, keeping records.