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Business, 22.04.2020 00:39 yesmi

The degree of skill or care required of an agent is usually that expected of a(n) person under similar circumstances. A(n) agent cannot be held liable for breach of contract because there is no contract. A gratuitous agent must perform in a(n) manner and is subject to the same standards of care and duty to perform as other agents. Generally, the law assumes that the principal is aware of any information acquired by the agent that is to the agency. The agent has the duty to act for the benefit of the principal and not in the interest of the agent or a third party. It is a breach of loyalty to disclose information or knowledge through the agency relationship. The agent's actions must be strictly for the benefit of the principal and must not result in any profit for the agent.

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