Final answer:
An agent must disclose to the principal any information relevant to the agency relationship, as it is an essential part of their fiduciary duties. This ensures principals can make informed decisions and maintains transparency and trust between the agent and the principal.
Step-by-step explanation:
In the context of agency law, the agent's duty to disclose information to the principal is a fundamental aspect of the fiduciary relationship they share. An agent is required to communicate and alert the principal of all relevant facts that may affect their interests or the business they are conducting on behalf of the principal. This principle of full disclosure is critical, as it ensures that principals are well-informed to make decisions and that the agents are acting in good faith and not withholding information that could harm the principal or benefit the agent unduly.
Based on the cited reference, which touches broadly on the responsibilities of officials, it reflects a similar principle in public administration where officers must report pertinent matters related to their duties. In both public offices and private agency relationships, such transparency is pivotal in maintaining trust and accountability. For an agent, failing to disclose such information could lead to breaches of their fiduciary duties, which could have legal repercussions.