What type of obligations arise from the law of agency when an agent acts on behalf of their principal?

The obligations that arise from the law of agency when an agent acts on behalf of their principal are primarily known as fiduciary obligations. This is because, in an agency relationship, the agent has a duty to act in the best interests of the principal, maintaining loyalty and trust. This includes obligations such as confidentiality, accountability, and full disclosure, which ensure that the agent acts in good faith and prioritizes the principal's interests over their own.

While various types of obligations can arise in different contexts, fiduciary obligations are specifically defined by the nature of the agency relationship. General obligations can encompass a broader range of legal duties, but they are not as specific or critical to the agency relationship as fiduciary obligations. Express agreements refer to the specific terms agreed upon by the parties involved but do not capture the inherent duties that come with agency. Duties of care relate to the responsibility to perform tasks competently and avoid negligence, but these duties also fall under the umbrella of fiduciary responsibilities.

Therefore, the correct understanding of the obligations arising from agency law emphasizes the fiduciary nature of the duties owed by the agent to the principal.