Mabel and Nicol do business as One World Realty.Mabel acts on the firm's behalf in a deal with Property Acquisition Company,but fails to account to One World for the profit.To her firm,Mabel is

Question

Quizplus · Accepted Answer

Mabel is in breach of the duty of loyalty to her firm by failing to account for the profits made in the deal. This duty requires her to act solely in the interest of the firm and not to engage in conduct that would conflict with that interest. As a result, Mabel is liable for any losses or damages that One World Realty suffers as a result of her actions. Therefore, the best answer is C.

Mabel and Nicol Do Business as One World Realty