An agent is bound by a fiduciary duty to avoid undisclosed,unauthorized conflicts of interest.

Name: An agent is bound by a fiduciary duty to avoid undisclosed,unauthorized conflicts of interest.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

An agent, acting on behalf of a principal, is under a fiduciary duty to act in the best interest of the principal, which includes avoiding any conflicts of interest unless they are disclosed to and authorized by the principal.

An Agent Is Bound by a Fiduciary Duty to Avoid