Which of the following is not the duty of an agent to the principal?
Answer Details
The duty of an agent to the principal is to act in the best interest of the principal and to carry out their responsibilities with honesty and loyalty. An agent is a person who acts on behalf of someone else, known as the principal. The agent is obligated to follow the instructions of the principal and to work towards the achievement of their goals.
Making secret profit is not the duty of an agent to the principal. Secret profit refers to any profit made by an agent without the knowledge or consent of the principal. It is considered a breach of trust and loyalty towards the principal. An agent is obligated to disclose all profits made and to render an accurate account of their activities on behalf of the principal. This duty ensures transparency and accountability in the relationship between the agent and the principal, which is essential for building trust and maintaining a healthy business relationship.