Question Tag: Secret Profit

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BCL – May 2018 – L1 – Q3a – Agency

Explain the fiduciary duty of an agent in a scenario involving a secret profit.

a) Cho instructs his agent Duu to sell his car. Cho decided to pay GH¢5,000 as commission to Duu on completion of the sale. Duu sold the car and was accordingly paid the commission of GH¢5,000. Cho then immediately found that the purchaser of the car had also paid a bribe of GH¢2,500, which Duu did not disclose.

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BCL – May 2018 – L1 – Q3a – Agency

Explain the fiduciary duty of an agent in a scenario involving a secret profit.

a) Cho instructs his agent Duu to sell his car. Cho decided to pay GH¢5,000 as commission to Duu on completion of the sale. Duu sold the car and was accordingly paid the commission of GH¢5,000. Cho then immediately found that the purchaser of the car had also paid a bribe of GH¢2,500, which Duu did not disclose.

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