Can an agent usurp an opportunity that rightfully belongs to the principal?

An agent cannot usurp an opportunity that rightfully belongs to their principal, making the assertion false. In the agency relationship, the agent has a fiduciary duty to act in the best interests of the principal. This means that the agent must prioritize the principal's interests above their own and refrain from taking advantage of any business opportunities that should be presented to the principal.

The principle of loyalty within agency law prohibits agents from seizing opportunities that the principal has a legitimate interest in. If an opportunity arises that relates to the business of the principal, the agent must disclose it to the principal rather than pursuing it for their own benefit. Failure to do so can result in legal consequences, and the principal may seek damages or other remedies against the agent for breaching their fiduciary duty.

The other options imply conditions under which an agent might be able to usurp an opportunity, which diverges from the fundamental fiduciary principles that govern agency relationships.