Question

We've learned about the role of a non-agent. What four duties does a non-agent owe the parties in the transaction?

a. obedience
b. loyalty
c. disclosure
d. confidentiality
e. accounting
d. reasonable skin and care

Answer 1

A non-agent in a transaction owes four duties to the parties involved: obedience, loyalty, disclosure, and confidentiality.

Step-by-step explanation:

A non-agent in a transaction owes four duties to the parties involved:

1. Obedience: The non-agent must follow the instructions and directions of the parties involved in the transaction.
2. Loyalty: The non-agent must act in the best interests of the parties involved and avoid any conflicts of interest.
3. Disclosure: The non-agent must provide complete and accurate information about the transaction to the parties involved.
4. Confidentiality: The non-agent must keep any confidential information shared during the transaction private and not disclose it to others without permission.

These duties help ensure transparency, trust, and fairness in the transaction between the parties.