Jameson works for Fishy-Mart Corporation, a chain of superstores that sell large quantities of seafood. His job is to locate future sites for Fishy-Mart stores. Jameson finds a piece of land near a coastline that would make a great site for a Fishy-Mart store. Jameson makes his friend purchase the property from its current owner. After that, they sell the property to Fishy-Mart and share the profits. Jameson does not disclose his interest in the property while recommending the site to Fishy-Mart. Which of the following duties of loyalty has Jameson breached in this scenario?

Question

Quizplus · Accepted Answer

Jameson has breached the duty of self-dealing by taking advantage of his position to benefit himself and his friend by purchasing the property and selling it to Fishy-Mart Corporation without disclosing his conflict of interest.

Jameson Works for Fishy-Mart Corporation, a Chain of Superstores That