The duty of an agent to act in the best interests of a principal is known as:

Question

Quizplus · Accepted Answer

A fiduciary duty is a legal obligation that requires an agent to act in the best interests of their principal. This duty includes acting with loyalty, care, and trustworthiness, and avoiding conflicts of interest that could affect the agent's judgment. A fiduciary duty is a fundamental aspect of agency law and is essential for maintaining the integrity of the principal-agent relationship. Choices A, C, and D are not correct as they do not accurately describe the duty of an agent to act in the best interests of a principal.

The Duty of an Agent to Act in the Best