An agent has a duty to keep and make available to the principal an account of all property and funds received and paid out on the principal's behalf.

Question

Quizplus · Accepted Answer

It is a basic duty of an agent to keep accurate and timely records of all financial transactions made on behalf of the principal, and to make those records available to the principal upon request. This duty is commonly known as the duty of accounting or duty of loyalty.

An Agent Has a Duty to Keep and Make Available