The duty of loyalty is imposed by law and cannot be waived.

Question

Quizplus · Accepted Answer

The duty of loyalty is a fundamental principle of agency law, and as such, it cannot be waived or otherwise negated by the parties to an agency relationship. This duty requires an agent to act solely in the best interests of their principal and to avoid any conflicts of interest, even if that means sacrificing their own interests or the interests of others. The duty of loyalty arises automatically when an agency relationship is formed and is considered to be one of the core obligations of an agent.

The Duty of Loyalty Is Imposed by Law and Cannot