Which term describes an agency relationship where the agent represents only one party to a transaction and owes fiduciary duties to that client?

• A. General agency
• B. Express agency
• C. Universal agent
• D. Single agency

Answer: (D)

Single agency describes exclusive representation of one party in a transaction, with fiduciary duties owed solely to that client. In this setup, the agent must act with loyalty, confidentiality, obedience, disclosure of relevant information, and accurate accounting to that client, avoiding conflicts that come from representing both sides. The other terms refer to different ideas: general agency is broad authority to act for a principal in various matters; express agency is created by an explicit agreement; universal agent can perform all possible acts for the principal. So, the description in the question fits single agency perfectly.