Which of the Following Is an Instance of Misuse of Confidential

question 139

Multiple Choice

Which of the following is an instance of misuse of confidential information?

• A)An agent gives the seller the principal's name and phone number in a fully disclosed transaction.
• B)A principal gives the contact details of an agent to a third-party without the agent's knowledge.
• C)An agent withholds critical information from the principal about the agency.
• D)An agent divulges details of his past employer to the principal.

---

Definitions:

Distribution to Partners

Refers to the distribution of profits, income, or assets from a partnership to its partners, typically in proportion to their ownership interests.

Managing Partner

A member of a partnership who has the authority and responsibility for managing the everyday operations of the business.

Partnership Assets

Assets or property owned jointly by partners in a business partnership, used for the business’s operations.

Fiduciary Duty

An obligation to act in the best interest of another party. For instance, a fiduciary duty exists between a trustee and the beneficiaries of the trust.