An agent who accepts a bribe to purchase goods for a principal only from a seller who is a personal friend breaches his _____ duty by taking the money, since it is the agent's duty to work only for the best interests of the principal.
A) statutory
B) gratuitous
C) fiduciary
D) expressed
E) apparent

Question

Quizplus · Accepted Answer

A fiduciary duty is a legal obligation to act solely in the interests of another party, in this case, the principal. By accepting a bribe from a personal friend of the agent, the agent is not acting solely in the interests of the principal and, therefore, breaches their fiduciary duty.

An Agent Who Accepts a Bribe to Purchase Goods for a Principal