Question

When the agency relationship has been terminated, the licensee is no longer considered the principal’s agent and does not owe any further duties to the principal, except for the following?

a. Loyalty
b. Accounting
c. Obedience
d. Care

Answer 1

d. Care

Step-by-step explanation:

In such a scenario, the licensee does not owe any further duties to the principal except for confidentiality (care of private information). This is because when he was the principal's agent he was bound to maintain all private information shared between them as confidential. Terminating the relationship does not give the licensee the right to share any of the private information that he managed to see during that time.