Question

Rona and stiv do business as treasure island traders. in a deal with unlimited potential, inc., rona makes a bid in competition with her firm. rona is

Answer 1

Answer:

liable for breach of the duty of loyalty        

Explanation:

The obligation of fidelity is sometimes referred to as the fundamental principle in contractual partnerships but is especially stringent in confidence law. In that case, the word refers to both the obligation of a trustee to manage the trust exclusively for the good of the survivors, and in compliance with the agreement conditions.

This usually forbids a representative from participating in dealings that could include self-dealing, or maybe even a potential conflicts of interest presence. Moreover, in dealings with clients, a fiduciary is expected to deal with clarity about the relevant information available to them.