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Karen (principal) hires John (agent) to be her financial planner

Law

Karen (principal) hires John (agent) to be her financial planner.John recommends that Karen purchase a life insurance policy because he honestly believes that her family will benefit from it. He recommends a policy from UNeed Insurance because he will receive an undisclosed commission from the company if Karen purchases it.


Is John in breach of his duty to Karen?

-No, because he is performing his duty to obey.
-Yes, because he is failing in his duty to give information.
-No, because he is fulfilling his fiduciary duty.
-Yes, because he is "self-dealing."

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