Duties of Agents
Agent should follow the instructions given by the principal.
If agent comes across any complicated situation, he has to communicate that situation to principal and his advice is to be obtained.
Agent should behave in his capacity as agent, he should not run the transaction in his own name.
Agent should not make secret profits by utilizing reputation of the principal.
Agent should safe guard property of principal particularly upon happening of events like death of principal, insolvency of principal, etc.
Agent should maintain proper accounting records to enrol the transactions run by him. Agent has to remit amounts to principal properly.
Agent has to remit amounts to principal properly.
Agent should not carry on delegation.