Which of the following is a duty of loyalty owed by an agent to a principal?

The duty of loyalty is a fundamental principle in agency law, which requires an agent to act in the best interests of their principal. This duty encompasses several specific obligations, all of which are vital for maintaining the trust and fiduciary relationship between the principal and the agent.

When considering the options provided:

The duty to act solely for the principal's benefit is a core aspect of the loyalty obligation. An agent must prioritize the interests of the principal above their own and avoid any conflicts of interest that could arise.

Equally important is the duty to disclose any personal gains from transactions. This obligation ensures that the principal is fully aware of any potential conflicts or profits that the agent might receive in relation to the principal’s affairs. Transparency in dealings is essential in fostering trust and maintaining the integrity of the agency relationship.

Additionally, the duty to obey all lawful instructions from the principal is part of an agent's responsibility to their principal. While this duty may be viewed as more aligned with performance and compliance, it still relates to the overall loyalty by ensuring that the agent is acting under the direction and guidance of the principal.

Given that all three duties accurately reflect the obligations of loyalty that an agent owes to a principal, it is correct to conclude that all of the options represent valid