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Do the duties of loyalty and care serve an effective purpose in business relationships? How far should the concept of fiduciary duty extend? For example,

  1. Do the duties of loyalty and care serve an effective purpose in business relationships?
  2. How far should the concept of fiduciary duty extend? For example, if the standard is that the agent is to always put the interests of the principal ahead of the agent, can this idea be taken too far?
  3. Should the fiduciary duties of loyalty and care always end when the agency relationship ends? Why, or why not?

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