Final answer:
An agent owes several fiduciary duties to their principal, primarily including reasonable care and diligence. Legal counsel and accounting services are not inherent duties unless specified within their professional role or agreement.
Step-by-step explanation:
An agent owes several fiduciary duties to their principal, which involve a high standard of care and loyalty. Among these duties, an agent must show reasonable care and diligence while conducting tasks on behalf of the principal. This means the agent must act with a level of competence and carefulness that is expected in their professional capacity.
The agent does not typically owe legal counsel or accounting services unless these services are part of their professional role or explicitly agreed upon in the agent-principal relationship. Fiduciary duties are about acting in the principal’s best interest, avoiding conflicts of interest, maintaining confidentiality, and acting within the scope of authority granted.
Therefore, of the options provided, the agent primarily owes the duty of reasonable care and diligence to their principal. While Ross’s list of duties reflects broad moral commitments, it is the specific fiduciary responsibilities in an agent-principal relationship that shape the agent's obligations.