The duties owed by agents to their principals are to be found in the express terms of their contract.
Critically evaluate this statement.
You should begin your answer by explaining that the express terms of the contract between the agent and the principal will set out the obligations of the parties including the duties owed by the agent to the principal. This is little different to any other kind of contract.
You should also note that beyond the express terms, there are other contractual duties owed to the principal (a duty to obey the principal’s lawful instructions, a duty to act with due care and skill in the performance of his duties and a duty to perform his obligations personally).
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