A | B |
Agents owe their principals the __ of loyalty, care, and skill, confidentiality, and accounting | Fiduciary duties |
An agents core duty is the __ | Duty of loyalty and obedience |
The separate accounts for the funds of principals are called __ | Trust accounts |
The duty of __ requires the agent to exercise the degree of skill and care that a reasonably prudent person would use in a similar situation | Reasonable care and skill |
__ is mixing the funds or property of the principal and the agent | Commingling |
The duty of __ means that the agent may not secretly benefit from the agency transaction | Loyalty |
The duty of __ requires the agent to treat information about the principal with great caution | Confidentiality |
Agents may neither buy from nor sell to their __ or their __ without approval from their principals | Friends, relatives |
An agent is required to __ to the principal any information that would affect the principal's decision | Communicate |
The __ requires an agent to account to the principal for all money and property of the principal that comes into the agents possession | Duty of accounting |