When an agent buys for the principal from himself,even if he charges a fair market price,the agent is violating which of the following common law duties?

Question

Quizplus · Accepted Answer

Agents breach their duty of loyalty by buying for the principal from themselves even if they charge a fair price.The duty of loyalty demands that the agent avoid even the appearance of impropriety.Such purchases are permissible only when the agent has informed the principal,in advance,of the potential conflict of interest and fully discloses other pertinent facts.

When an Agent Buys for the Principal from Himself,even If