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Please explain these duties an agent owe to the principal?
Duty of Performance:
Duty of Notification
Duty of Accountability:
Duty of Loyalty:?
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Please explain these duties an agent owe to the principal?
Duty of Performance:
The agent owes to the principal the duty to obtain resources economically and using those resources competently and successfully in achieving objectives. It also means the actual accomplishment of an agency, program or employee relative to stated outcomes. It means that the agent should be able to get the outcomes for which he has been appointed. For instance, if the agent has been appointed to purchase a commodity within a given price limit. It is the duty of the agent to make purchases if the prices reach the specified price …
