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.

Question

Quizplus · Accepted Answer

All the options (B, C, and D) describe situations where an agent has breached their fiduciary duty. Making a secret profit, using information obtained during the agency for personal benefit, and competing with the principal are all breaches of the duty of loyalty that an agent owes to their principal.

An Agent Has Breached His Fiduciary Duty in Which of the Following