Paul,who Collects Old Cars,hires Andy to Find and Purchase a 1965

question 29

Multiple Choice

Paul,who collects old cars,hires Andy to find and purchase a 1965 Ford Mustang on his behalf.Andy sees a car advertised that might be what Paul has in mind.Andy examines the car and falls in love with it.He decides to purchase it himself.Andy has:

• A) usurped an opportunity
• B) engaged in self-dealing
• C) competed with the principal
• D) not violated the duty of loyalty

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Definitions:

Wave-wound

A type of armature winding in a generator or motor where the windings are connected in series to form a continuous loop, enhancing efficiency.

Large Wire

A wire of significant diameter, often used to conduct higher currents or to minimize resistance losses over long distances.

Many Turns

Refers to coils or windings in electrical components, like inductors or transformers, where a higher number of turns typically means a greater ability to induce voltage or store magnetic energy.

Few Turns

A term referring to a small number of windings in a coil or transformer, which affects the inductance, resistance, and other electrical characteristics.