92. General rule prohibiting agent from acquiring secret profit.

An agent must not, without the knowledge of his principal1, acquire any profit2 or benefit3 from his agency4 other than that contemplated by the principal at the time of making the contract of agency5. The agent owes a duty of undivided loyalty to the principal, unless the latter has given informed consent to a less demanding standard of duty. The principal, therefore, is entitled to the entire benefit of the agent's acts in the course of his agency6.

This rule may apply even though at the time of the transaction itself the agency has ceased7. The rule applies in spite