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The duty of good faith that an agent should be is that they should be honest and have the integrity when performing the task properly for the principal and not doing something that are suppose to him at his benefit. Their task is to complete and follow the instruction of their principal and not do it in the ways that is benefit to them. They should avoid the temptation to take in bribe or cheat the principal. They should always seek instruction from the principal when they faced doubts. This problem arise is due to the greed of the human nature that sometime can be hard to control. In order for this not to happen the principal must always think of the agent and give them enough benefit so that they will not do anything harmful to the company. From the recent newspaper article, The Strait Times on the 10th Jan 2009, Home section. There was headline news MISSING: Ex-TV actor with $120k in charity funds. We can see that greed is in our human nature, having to handle such a big sum of money definitely will get us into trouble, just like this article actor Mr Lin Yisheng. He organized a celebrity soccer game in July 2007 to help raise funds for the needy people of Metta Welfare Association however now he was found nowhere with the huge amount. From this situation we can conclude the huge amount of money should not be only one agent of the company is in charge. This will get them into trouble as they will have the temptation to get away with the money and spend it elsewhere. Being an agent should be responsible for their own being and not just think of their own benefits hence they should think of the principal and the other people. As they hold a very big responsibility in help the principal to convey the message. Not only that they are well trusted by the principal that they entrusted them to represent their in certain events. In the real world today, there are many agents doing them that will only benefit themselves and not the principal, just like the case of the GIA. The representative of the company went to expensive resort for spa when they should try to save up for the company however they used the tax payer money for luxury relaxation. From this we are able to see that the agents are doing they that are benefit to themselves and not they principal. In such ways, we can conclude that the agents is taking up this job is because it can benefit them and not doing the job based on their responsible. With the current standard of living that we are facing now, might be the reason that greed arise. From this we can see that the agents will be tempted to be dishonesty is due to many possible reasons. Hence this lead those to owe their principal as they do things that will bring advantage to them. This article was feature on the Life section of the strait times on the 17th Jan 2009; it was a mailbag about property agent misleads us with advertisement that was untrue. This shows that the agents are carrying out unethical practices that attract buyers. They were also unsure about the site they brought us there and were unable to answer to our question. From this we can see that nowadays agent are not true agent, they are just being an agent because money will come easy and they can make big money from the job that can benefit them. Other reason is because they cannot find a job hence they turn to be an agent. Moreover the time is flexible being agents and they can do anything at their own time. From all these articles, we conclude that being an agent is not as easy as what we think it is. Having to hold a big and pressure responsible from the principal. At time got to help them to do decision and some time success we got little recognition but when we did something wrongly we will be heavily penalized by them and some time lose our job. Hence it will lead us to be greed when we are given a huge amount of money or people bribing us which mislead us to cheat the company. This happen only when we did not gain benefits from the principal or money putting in front of us to tempt us to cheat the company by giving out information of the company to other company. The current situation that will bring the agent to make wrong steps is when they are in heavy debts or family problems that encounter them to need a huge amount of money hence they faced no choice but to cheat the company. Not only that the depression and stress level will lead them to cheat the company too. When they heard something that is untrue about they are going to be retrenched the company definitely they will feel upset and when other company approached them to bribe them with money they will definitely turn to it and hence cheat the company. When an agent did the wrong move is when they are not being well look upon by the principal even when they did a very perfect job. They will hence feel not recognize by the principal. With the current economy moving downwards, we can see that there will be a lot of agents losing their job hence they will first think of the advantage for themselves before thinking for the principal hence cheating nowadays are very common in the market. They not only cheat the company but they leak out all the information of the company to get the company into trouble. An agent will also do no matter what they can to keep their job by giving the wrong inform of others, putting words in other mouth by keeping their job so that other will be blames. Not only that the current issue that an agents have is that they are out in the market to do something favor to themselves and not others. They will try all their ways to make money by making up false statements that will mislead principal to believe them and even give them the huge responsible. An agent is always very good in apple polished the principal however they are not knowledgeable to information, they will just fake their way true. It will be not right for the agent to work for this principal to work for other principal as confidential information of each company might be leak out by them. But the current human greed forced them into such situation as the standard of living that they were living at was too high ends and they need the money to live for it. Therefore an agent always will owe his principal in an agency relationship.