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An agent has the duties towards its principal. These duties includes:
Duty to perform: an agent has a duty to perform the obligation which has been imposed on him under the agency agreement. Whereby he fails to perform this duty, he will be liable for breach o the agency agreement.
Duty of obedience or loyalty: an agent is expected to be obedient and loyal to his principal, he has a duty to carry out all lawful instructions of the principal.
Duty of skill and care: an agent has the duty to carryout his work with such skill and care as maybe expected of such an agent. In exercising the duty, this principal cannot require an agent to have a higher degree of skill than himself out to possess. Also an agent does not guarantee the success of any transaction done on behalf of his principal.
Feduciary duty: this is the duty of utmost good faith. An agent is expected to act in good faith in any transaction done on behalf of his principal. The feduciary duty means that the agent should not allow his personal interest to conflict with that of his principal. An agent must not also make any secret profit or accept a bribe or other benefits in his position as an agent.
Duty to account: an agent must render proper account to his principal, this includes keeping proper account of all transactions making available all books and documents in his possession seperating personal money from that of his principal and paying over any money which he holds on his principal's behalf.
Duty not to delegate his duties: this duty is based on the latin maxim delagatus non protest delegare which means that a delegate cannot delegate or that an authority given to a person cannot be delegated by that person to another.
Duty not disclose any confidential information: an agent must not disclose any confidential information which he acquired in his capacity as agent. He should not use the information for his own or another's advantage.
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