15 a Taist Statement: O An agent who has held herself out as having higher-than-customary knowledge and skills will be held to that higher standard when doing the principal's business. O The "reasonable person" standard typically applies to the degree of care required of an agent when conducting the principal's business. O Most Information that comes to the attention of an agent is assumed to be known by her principal. Duties of loyalty and accountability are not duties that the agent owes to his or her principal since the agent is not a fiduciary like a partner.