An agent should not make secret profit out of his agency except his remuneration. Describe five consequences of breach of this duty.

Consequences of receiving a secret profit by an agent:-

  • The agent will be forced to refund the secret profit to the principal.
  • He will lose his right to commission/remuneration.
  • The principal can repudiate the contract with the third party.
  • He can summarily dismiss he agent.
  • He can sue the agent for damages.
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