If Carson, who is an agent for Peter, breaches his fiduciary duty to Peter, Carson:
A)is liable to Peter for breach of contract.
B)is liable to Peter in tort for any losses caused by the breach.
C)must make restitution for any profits or property received in breach of this duty.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

Carson, as an agent of Peter, owes a fiduciary duty to act in Peter's best interests. If Carson breaches this duty, he may be liable under contract law, tort law, or the equitable principle of restitution. Therefore, all of the above choices are correct. Choice A states that Carson is liable for breach of contract with Peter. Choice B states that Carson is liable for any losses caused by the breach under the tort law. Choice C states that Carson must make restitution for any profits or property received in breach of this duty.

If Carson, Who Is an Agent for Peter, Breaches His