An arm's length transaction is one in which:
A) the parties owe each other a special duty of confidentiality.
B) the parties owe each other a fiduciary duty.
C) the parties are acting in their own self-interest.
D) None of these.

Question

Quizplus · Accepted Answer

An arm's length transaction is one where the parties involved are acting in their own self-interest and are independent, ensuring that the transaction is conducted fairly and equitably.

An Arm's Length Transaction Is One in Which