95. Effect of receipt of bribe by agent.

On discovering the receipt of a bribe the principal may instantly dismiss the agent1, and, if he has already been dismissed, may justify the dismissal on that ground, even though the bribery was not discovered till after the dismissal2. The agent's duty is to deliver up to his principal the benefit which he has obtained and not simply to pay compensation for having obtained it in excess of his authority3. Any benefit acquired by an agent as a result of his agency and in breach of his fiduciary duty is held on trust for the principal4.

Once a conflict of