Anna employs Mark to purchase for her a suitable site for a roller rink. Mark owns a huge site himself and sells it to Anna at fair market value without disclosing to her that he is the owner of the land. Mark has not breached his fiduciary duty to his principal.

Question

Quizplus · Accepted Answer

Mark has breached his fiduciary duty by not disclosing his ownership of the land, as fiduciary duty requires full disclosure of any personal interest in the transaction.

Anna Employs Mark to Purchase for Her a Suitable Site