Stefan is a manufacturer's representative for Celmeed Corporation.One day he receives a 52" television as a gift from one of the clients he contacts on behalf of Celmeed.In this case:
A) Stefan must account to Celmeed for the gift he has received.
B) the television belongs to Celmeed rather than to Stefan.
C) if Stefan keeps the television without telling Celmeed,he will have breached his fiduciary duty to Celmeed.
D) All of these are correct.

Question

Quizplus · Accepted Answer

Stefan must account to Celmeed for the gift he received, as he is a representative of Celmeed Corporation. The television belongs to Celmeed rather than to Stefan as it was a gift received in his capacity as Celmeed's representative. If Stefan keeps the television without informing Celmeed, he will have breached his fiduciary duty to Celmeed. Therefore, all of the options are correct.

Stefan Is a Manufacturer's Representative for Celmeed Corporation