Asked by Denia Drake on Jun 10, 2024

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Which of the following requires an agent to subordinate his personal concerns?

A) The duty of loyalty
B) The duty of segregation
C) The duty of confidentiality
D) The duty of indemnity

Duty of Loyalty

A legal obligation of individuals, such as directors of a company or trustees, to act in the best interests of the company or trust, over and above their own interests.

Personal Concerns

Matters or issues that are primarily related to an individual's private interests, well-being, or personal circumstances.

Agent

A person or entity legally authorized to act on behalf of another person or entity in financial or business matters.

  • Familiarize yourself with the fiduciary obligations agents have towards their principals.
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Oretha Smith-TarrJun 11, 2024
Final Answer :
A
Explanation :
An agent has a duty of loyalty to his principal.Thus,an agent must subordinate his personal concerns.