Anna employs Mark to purchase for her a suitable site for a roller rink. Mark owns a huge site himself and sells it to Anna at fair market value without disclosing to her that he is the owner of the land. Mark has not breached his fiduciary duty to his principal.

Question

Quizplus · Accepted Answer

Mark has breached his fiduciary duty to Anna by not disclosing that he not only had a conflict of interest but also stood to benefit from the transaction. As Anna's agent, he was required to act in her best interest, which includes disclosing all relevant information that may affect the transaction.

Anna Employs Mark to Purchase for Her a Suitable Site