Investment Holdings Corporation hires Jerilyn,a business appraiser,to locate investment possibilities for Investment Holdings.Jerilyn learns of a salsa and hot sauce manufacturing company available for a reasonable price,but neglects to tell Investment Holdings.Most likely,Jerilyn

Question

Quizplus · Accepted Answer

Jerilyn breached the agent's fiduciary duties to the principal by not disclosing the opportunity to Investment Holdings, as this would have been in the best interest of the principal. As an agent, Jerilyn had a legal obligation to act solely in the best interest of the principal and to disclose all relevant information.  Thus, failing to disclose the opportunity to Investment Holdings is a violation of the fiduciary duties.

Investment Holdings Corporation Hires Jerilyn,a Business Appraiser,to Locate Investment Possibilities