Which of the following is NOT a duty owed by an agent to the client in a fiduciary relationship?

Prepare for the TREC Law of Agency Exam. Study with multiple-choice questions and detailed explanations. Get confident for your test!

An agent in a fiduciary relationship owes several key duties to their client, which are essential for maintaining trust and integrity in the agency relationship. Confidentiality, obedience, and loyalty are recognized as fundamental obligations.

Confidentiality ensures that any information shared by the client is kept private, protecting the client's interests. Obedience requires the agent to act in accordance with the lawful instructions of the client, thus serving the client's best interests. Loyalty mandates that the agent puts the client's interests above their own, avoiding any conflict of interest.

Compromise, however, is not typically viewed as a duty that an agent owes to their client. While compromise might sometimes occur in negotiations, it is not an inherent duty like the others. Agents are not obligated to compromise when executing their responsibilities; rather, they must earnestly advocate for their clients’ positions and interests. Therefore, identifying compromise as something that is not a core duty reflects an understanding of the primary obligations an agent has within a fiduciary relationship.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy