Question

Duties of an agent is/are ______.

• A. Not to disclose information
• B. To protect interest of principal in case of death
• C. To act as per principals directions
• D. All of the above

Answer 1

The correct option is D All of the above

Duties of an agent include:

• Owing to the fiduciary relationship between a principal and his agent, the agent shall not disclose any information concerning the principal or any confidential information entrusted to him by the principal to any third party in the absence of the principal's consent.
  
• When an agent is appointed to facilitate or negotiate a transaction on behalf of the principal, the agent owes a duty to the principal to act in the principal's best interests within the authority of the agent.
  
• When an agency is terminated due to the death or insanity of his principal, it is the duty of the agent to take all steps to protect and preserve all the interests entrusted to him.