Which of the following are duties required of an agent to their principal?

The correct answer includes loyalty, confidentiality, obedience, accounting, and care, which are fundamental duties that an agent owes to their principal under the law of agency. Each of these duties serves to protect the interests of the principal and ensure that the agency relationship operates effectively and ethically.

Loyalty requires the agent to prioritize the interests of the principal over their own, avoiding any conflicts of interest. This duty helps maintain trust within the relationship.

Confidentiality obligates the agent to keep any sensitive information related to the principal and their affairs private, ensuring that such information is not disclosed to unauthorized parties.

Obedience compels the agent to follow the lawful instructions of the principal, provided these instructions align with the terms of the agency agreement. This duty is essential for executing the principal’s intentions accurately.

Accounting requires the agent to maintain accurate records of all transactions and financial dealings undertaken on behalf of the principal, ensuring transparency and trust.

Finally, the duty of care mandates that the agent acts with the competence and diligence that is expected, performing their tasks with the level of skill that a reasonable agent would demonstrate.

While other options contain some relevant elements related to agency duties, they do not encompass the complete and essential suite of duties that an agent must uphold