An agent should not make secret profit out of his agency except his remuneration. Describe five consequences of breach of this duty.

Consequences of receiving a secret profit by an agent:-

• The agent will be forced to refund the secret profit to the principal.
• He will lose his right to commission/remuneration.
• The principal can repudiate the contract with the third party.
• He can summarily dismiss he agent.
• He can sue the agent for damages.