Ethical Responsibility in Technology Essay Example | Topics and Well Written Essays - 500 words

Ethical Responsibility in Technology - Essay Example The agent is required to act in the best interests of the principal while performing what is required of him. But in most instances, the principal is unable measure the behavior of the agent and control the outcome of the contract, which puts him at a disadvantage vis--vis the agent. (Eisenhardt, 1989). Problems arise when there exists a conflict between the interests of the principal and the agent, which is the case in most contractual relationships. In general terms fiduciary duty is the obligation of a person to act in the best interests of another. In case of a principal and agent, it is the fiduciary duty of the agent to act in the best interests of the principal. This duty includes due diligence and due care by the agent in performing his services for the principal. "A fiduciary duty is an obligation to act in the best interest of another party." (Breach of Fiduciary Duty Law and Legal Definition, 2007). It has been stated the relationship between an agent and principal and the fiduciary duties of an agent. The principals in this instance are the future customers of Vista software who bought 'vista compatible' machines on the promise of Microsoft.