Does an agent who fully and fairly disclosed his interest in a transaction breach his fiduciary duty to the principal?
California, United States of America
The following excerpt is from Skone v. Quanco Farms, 261 Cal.App.2d 237, 68 Cal.Rptr. 26 (Cal. App. 1968):
2 For a comparable situation, see Fisher v. Losey, 78 Cal.App.2d 121, 177 P.2d 334, where the court held that an agent who fully and fairly disclosed his interest in the transaction to his principal did not breach his fiduciary duty to the principal.
3 Respondent Skone testified as follows:
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