Energy Company employs Fred to negotiate the purchase of mineral rights for future mining projects. Fred secretly buys some of the property and sells it to Energy at a profit. Fred has breached

Question

Quizplus · Accepted Answer

Fred has breached the duty of loyalty by putting his personal interests ahead of the company he was hired to represent. As an agent, he had a fiduciary duty to act in the best interests of his principal, Energy Company, and he violated that duty by secretly buying and selling some of the property for his own personal gain.

Energy Company Employs Fred to Negotiate the Purchase of Mineral