91. Effect of agent's non-disclosure of conflict of interest.

91.     Effect of agent's non-disclosure of conflict of interest.

In all other transactions1 with the principal, the agent must disclose every material fact which is or ought to be known by him, if it would be likely to operate upon the principal's judgment2. If this is not done, the fairness of the transaction is immaterial3, and it is voidable at the principal's option4, and the principal may obtain rescission of the transaction after it has been completely executed without the necessity of establishing fraud on the part of the agent5.