An Agent Has Breached His Fiduciary Duty in Which of the Following

question 15

Multiple Choice

An agent has breached his fiduciary duty in which of the following situations?

• A) All of the following choices are correct answers.
• B) Where the agent makes a secret profit.
• C) Where the agent uses information obtained in the course of the agency for his own benefit.
• D) Where the agent competes with the principal.

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Definitions:

Constitutional Law

The general limits and powers of a government as interpreted from its written constitution.

Federal Privacy Act

A United States legislation aimed at protecting the privacy of individuals by regulating how the federal government collects, maintains, and uses personal information.

Written Consent

Formal approval documented in writing, often required for legal or official procedures.

Interstate Commerce Commission

The Interstate Commerce Commission (ICC) was a regulatory agency in the United States responsible for enforcing federal regulations governing railroad rates and operations. It has since been dissolved and replaced by other bodies.