An agent owes the principal a high duty of loyalty and is prohibited from acting on behalf of himself in any transaction for the principal.

Name: An agent owes the principal a high duty of loyalty and is prohibited from acting on behalf of himself in any transaction for the principal.
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Question

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As an agent, one must act solely in the interest of the principal and is not allowed to take advantage of any opportunities for personal gain. This duty of loyalty is a fundamental aspect of agency law.

An Agent Owes the Principal a High Duty of Loyalty