The fiduciary duty of an agent refers to his obligations to act within the limits of his actual or apparent authority.

Fiduciary Duty

A legal obligation of one party to act in the best interest of another when entrusted with care of money or property.

Apparent Authority

A situation where a person appears to have been given the power to act on behalf of another, leading third parties to reasonably believe in that authority.

Actual Authority

Legal power that an agent has been deliberately given by a principal to act on their behalf in business dealings.