A person may act as a dual agent:
A) on his own accord and can be bound to multiple principals at freewill.
B) after partial disclosure of terms to either principal.
C) with the consent of any one principal.
D) with the consent of both principals on being fully informed about it.

Question

Quizplus · Accepted Answer

A person may act as a dual agent with the consent of both principals on being fully informed about it. Usually one cannot serve as agent for both parties to a transaction; however, the principals may consent to such a dual role if the parties are both fully informed. A principal who was not informed of the agent's dual role also retains the right to rescind any contract made by the agent in his dual role.

A Person May Act as a Dual Agent