Question: Statement 1 : A duty that requires an agent to be diligent in keeping her principal informed about all important developments affecting their relationship. Statement

Statement 1: A duty that requires an agent to be diligent in keeping her principal informed about all important developments affecting their relationship. Statement 2: Because of the high degree of confidence and trust implicit in an agency relationship, the agent cannot delegate her duties without the principal's consent. Statement 3: A duty that requires an agent to be loyal, act in the best interests of the principal, and keep the principal fully informed like when the agent learned that the property, he/she authorized to buy for a certain price can be obtained cheaply, the agent is bound to inform the principal. From the choices below, please select the answer that corresponds to each statement.
A. Statement 1 refers to duty of care, statement 2 refers to duty of personal performance, and statement 3 refers to duty of good faith.
 Statement 1: A duty that requires an agent to be diligent

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