Question

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?
a. usurping a corporate opportunity.
b. self-dealing.
c. proxy.
d. competing with the corporation.

Answer 1

Answer:

b. self-dealing.

Explanation:

Self-dealing is the behavior of a trustee, solicitor, administrative employee,  

or other trustee who comprises of taking advantage of their position in a contract and  behaving in their own interests rather than in the interests of trust beneficiaries,  corporate investors, or their customers.