Explain the duties of an agent to his principal.

      

Explain the duties of an agent to his principal.

  

Answers


Maurice
(i) Performance: discharge of the undertaking as agreed.

(ii) Obedience: acting in accordance with the principals instructions or authority.

(iii) Accountability: explain application of money or assets coming into his hands.

(iv) Care and skill: exhibit a degree of care and skill appropriate to the circumstances.

(v) Personal performance or non delegation: must perform the undertaking personally.

(vi) Estoppel: must respect the principals title.

(vii) Bona fide: act in good faith for the benefit of the principal.

(viii) Disclosure: must disclose personal interest to avoid any conflict of interest.

(ix) Confidentiality: must not disclose his dealings with the principal to third parties.

(x) Separate accounts: must maintain separate accounts of his assets and those of the principal.

(xi) Keep the principal informed of his dealings with third parties.
maurice.mutuku answered the question on April 30, 2018 at 08:11


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