74. Fiduciary nature of relation.

74.     Fiduciary nature of relation.

The relationship of agency is of a fiduciary nature1. In some cases, commonly where property or money has been placed in the hands of the agent for a specific purpose, the agent becomes a trustee for his principal2. In all cases the agent3 owes duties of a fiduciary character to the principal, for example to keep accounts4, to disclose any conflict of interest5 and not to receive any secret commission or bribe6.

In performing his activities a commercial agent7 must look after