CLA CP (Certified Legal Assistant Certified Paralegal) Exam

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An employee (the agent) is tasked by their employer (the principal) with purchasing a specific piece of equipment for the company. The employee finds the equipment at a discounted price, purchases it personally, and then sells it to their employer at the full market price, keeping the profit. Which fiduciary duty has the agent primarily breached?

Duty of Accounting Duty of Loyalty Duty of Notification Duty of Performance

Correct Answer:

Duty of Loyalty

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