Final answer:
The correct answer is c) Full disclosure. Agents have a fiduciary duty to reveal beneficial information to their principal.
Step-by-step explanation:
The correct answer to the question is c) Full disclosure. When an agent learns of something that is beneficial to their principal, they have a fiduciary duty to disclose the information to the principal. This means that the agent must provide full and complete information to the principal, without hiding or omitting any relevant details.
For example, imagine a real estate agent who comes across a potential buyer who is willing to pay more than the asking price for a property. In this case, the agent has a duty of full disclosure to inform the principal (the property owner) of this opportunity. By doing so, the agent is acting in the best interest of the principal and fulfilling their fiduciary duty.
Full disclosure is an important aspect of fiduciary duty as it ensures transparency and trust between the agent and the principal. It allows the principal to make informed decisions based on all available information, ultimately protecting their interests.