Describe five remedies of a principal for an agent’s breach of duty
Remedies of principal for an agent’s breach of duty
- If an agent has acted in breach of contract, the principal has an action in damages.
- If the agent fails to hand over money or assets to the principal, the principal has an action in damages for conversion for money had and received.
- To ascertain what the agent has in possession, the principal has an action for an account.
- The principal is entitled to dismiss the agent for misconduct if the agent has acted fraudulently, the principal has a complete defense against remuneration or indemnity of the agent for any loss or liability arising.
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