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

Question

Quizplus · Accepted Answer

Steven, as a representative, has a fiduciary duty to act in the best interests of Sellmed. Accepting a gift from a client without informing Sellmed could create a conflict of interest and breach this duty. Therefore, he must account for the gift, and it belongs to Sellmed.

Steven Is a Manufacturer's Representative for Sellmed Corporation