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A hotel authorized its purchasing agent to choose a laundry vendor. The agent selected CleanCo, which charged the hotel its ordinary market price. Unknown to the hotel, CleanCo promised the agent a personal $5,000 rebate if the agent selected CleanCo. The agent accepted the rebate and did not disclose it.
Which statement is most accurate?

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The agent may keep the rebate if the agent subjectively believed the supplier deserved the sale. The agent must disclose and account for the rebate because it was a benefit received in connection with the agency. The agent may keep the rebate because the principal paid no more than the listed price. The agent may keep the rebate because the supplier, not the principal, paid it.

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