Originated From
AOL Search

Does An Agent Have A Fiduciary Duty To A Principal Precluding Secret Dealings With Another Principal?

real estate case law, agent fiduciary obligation to the principal --

An agent for principal A anticipates leaving the relationship, to work with principal B for a higher commission arrangement under principal B's recruitment activity; without principal A's knowledge, agent enters into a secret business transaction on behalf of Principal B and has a listing cultivated under principal A, listed and contracted by the principal B and then switched by principal B to agent's name after agent leaves principal A and joins principal B's firm. Does the agent's action represent an ethical breach or fraud or both? Does principal B's encouragement or knowing acceptance of unethical behavior by agent constitute a breach of ethics or fraud or both?

Liked this question? Tell your friends about it

Related Questions

Other people asked questions on similar topics, check out the answers they received:

Asked: Court Action against the Finanzamt

A FINANZAMT refuse to recognize an URTEIL handed down by the EuGH and return the UMSATZSTEUER that was illegaly taken in accordance with the Eugh URTEIL. Can the Finanzamt be taken to Court??

Asked: How to lower the action on acoustic electric ...

how to lower the action on acoustic electric guitar when pickup in the bridge

Asked: Can a employer file a lawsuit against employee for ...

Can a employer file a lawsuit against employee for business loss

More Questions

Do you receive a payment for each day of jury duty that you serve? Does

I think all states pay some minimal amount for jury service. It can be as little as $4 or $5 for a day, in some states. California State law does not require employers to compensate employees who are absent because of jury service. Many employers do, however, have jury-leave policies that provide ...

Secrets....

Check out www.SecretsINeverTold.com . You can anonymously and instantly post your secret online!

Police officer's duty dealing with Boulder Montana Due to dogs at

The People here in this small community town just open there doors and let there dogs run ! Now there is a leash law here but very few fallow it! We have know animal control here so its up to the Boulder Montana's finest to control this but they would rather sit on there ass's drinking donuts and ...