Duties Owed Between a Principal and Agent

The video tutorial explains the concepts of agency law, focusing on the roles of principals and agents. It highlights that employees are generally agents of the business they work for, representing the business in various capacities. The tutorial distinguishes between employees and independent contractors, noting that the latter are agents only in limited circumstances. It outlines the duties and obligations of agents, including loyalty, care, and obedience to the employer's instructions. The video also covers sub-duties such as keeping the principal informed and accurately handling and accounting for business funds.

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