Ron is the business agent for Kansas Sunshine,a rock band.He is also the agent for another popular Midwestern rock group,City Sand.Ron negotiates a deal with a Kansas City promoter to have City Sand play after a professional football game.The promoter was willing to pay $250,000 for both groups to play after the game; however,Ron talked her into booking just City Sand for $175,000.Given his contract with City Sand,Ron made more money under this arrangement.Has Ron violated his fiduciary duty to Kansas Sunshine?
A) Yes. It appears that Ron put his own interests ahead of his principal's interests.
B) Yes. Ron cannot, under any circumstances, act as an agent for both groups.
C) Both a and b are correct.
D) Neither a nor b is correct since it is very common for rock band agents to represent several groups at the same time.
Correct Answer:
Verified
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