Question

Which of the following is not a legal duty of an agent?

to not self-deal

to act for the principal's advantage

to obey instructions

to get the best price

Answer 1

Solution:

Following is not a legal duty of an agent:

1) To not to self Deal ( "Correct Answer") - Since, Agent is not legally bound to self deal on behalf of his principal

2) To act for the Principal's Advantage ("Incorrect Answer") - Agent is legally bound to act for the advantages of the principal

3) To obey Instructions ("Incorrect Answer") - Agent is bound to obey instrctions of his principal

4) To get the best price ("Incorrect Answer") - Agent are legally bound to get best price for his principal.

Hence, Correct answer is " To not self deal"