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Colin Phillips
on Nov 30, 2024

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An agent has breached his fiduciary duty in which of the following situations?

A) All of the following choices are correct answers.
B) Where the agent makes a secret profit.
C) Where the agent uses information obtained in the course of the agency for his own benefit.
D) Where the agent competes with the principal.

Fiduciary Duty

A legal obligation of one party to act in the best interest of another. Typically, a fiduciary is responsible for managing the assets of another person or of a group of people.

Secret Profit

Financial gain obtained secretly and unethically as a result of one's position or through the exploitation of confidential information.

  • Identify situations that constitute a breach of fiduciary duty by an agent.
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Emily GrimesNov 30, 2024
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