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

question 54

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:

Lubricity

The property of a substance that reduces friction between surfaces in motion.

Boil Temperatures

The temperatures at which liquids change to gases, varying with the atmospheric pressure and the chemical composition of the liquid.

Ring Gear Tooth

A tooth on the outer edge of a ring gear, engaged by the pinion gear to transmit torque in a differential.

Top Land

The uppermost portion of a piston in an internal combustion engine, situated above the top piston ring and playing a key role in sealing combustion gases.