Home Enterprises employs Itzak to buy property for a possible residential development.Itzak secretly buys some of the property and sells it to Home Enterprises at a profit.Itzak has breached

Question

Quizplus · Accepted Answer

Itzak has breached the duty of loyalty by secretly buying some of the property and selling it to Home Enterprises at a profit. The duty of loyalty requires an agent to act solely in the interest of the principal and to avoid any conflicts of interest. Itzak's actions represent a conflict of interest because he acted in his own interest by buying the property and selling it to Home Enterprises at a profit.

Home Enterprises Employs Itzak to Buy Property for a Possible