Agency
In Mississippi, when an agent acts as a 'dual agent' in a transaction, the agent's obligations to the parties in terms of pricing information include:
AFull disclosure of both the seller's lowest acceptable price and the buyer's highest acceptable price
BNeither the seller's lowest price nor the buyer's highest price can be disclosed — the dual agent cannot reveal confidential negotiating information of either party✓ Correct
CDisclosing only the buyer's position to the seller
DDisclosing only the seller's position to the buyer
Explanation
A dual agent owes confidentiality duties to both parties. The agent cannot disclose the seller's minimum price to the buyer, nor the buyer's maximum price to the seller. This is a fundamental limitation of dual agency — the agent cannot provide full advocacy for either party's pricing position.
Related Mississippi Agency Questions
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