(1) The commission agent is obliged to execute the agreed transaction with the due care of a prudent merchant; in doing so, the commission agent is to look after the principal’s interests and is to follow their instructions.
(2) The commission agent is to furnish the principal with the required reports and, in particular, is to notify the principal, without undue delay, of the execution of the commission; the commission agent is obliged to render accounts for the transaction to the principal and to surrender to the principal whatever the commission agent obtained from carrying out the transaction.
(3) The commission agent is liable to the principal for fulfilment of the transaction if the commission agent fails to provide to the principal the name of the third party with whom the commission agent concluded the transaction concurrently with the notification of the commission having been executed.