An Agent Has Been Hired to Buy Land for the Principal

question 25

Multiple Choice

An agent has been hired to buy land for the principal for use as a factory site.The agent finds a good parcel for the purpose,and proposes it for purchase to the principal.The principal declines to purchase the property because it is too far from the interstate highway.The agent then buys this land for himself as an investment.What,if anything,has the agent done wrong?

• A) usurped an opportunity
• B) nothing
• C) engaged in self-dealing
• D) competed with the principal
• E) misused confidential information

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Definitions:

Automatic

Operations or processes that require minimal conscious thought and effort, often due to learning or repetition.

Health Consequences

The outcome or impacts on a person's physical well-being resulting from certain behaviors, lifestyle choices, or environmental exposures.

Automatic Processing

Cognitive operations that occur without conscious awareness or effort, often developed through extensive practice or familiarity.

Apprentice

A person who is learning a trade from a skilled employer, having agreed to work for a fixed period at low wages.