_____ is defined as a situation where one relationship or obligation places an individual or firm in direct dispute with an existing relationship or obligation.

Question

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Conflict of interest refers to a situation where an individual or firm has competing interests or obligations, which can result in a clash and potential harm to one or more parties involved. This can arise in various scenarios, such as when a company's board member has personal interests that conflict with the interests of the company, or when a lawyer represents both parties in a legal dispute. It can also occur when an individual has relationships or obligations that clash, causing them to act against the best interests of one or more parties involved.

_____ Is Defined as a Situation Where One Relationship or Obligation