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<h1>Agent self-dealing: principal may repudiate transactions when material facts are concealed or dealings are disadvantageous.</h1> An agent who, without the principal's consent, deals on his own account in the agency business must acquaint the principal with all material circumstances; if the agent dishonestly conceals material facts or the dealings are disadvantageous to the principal, the principal may repudiate the transaction. If the agent knew of a material fact unknown to the principal when buying for himself, the principal may either repudiate or adopt the sale upon discovery.