Ilya Is an Officer with Jetspeed,Inc

question 1

Multiple Choice

Ilya is an officer with Jetspeed,Inc.Ilya is in a position to acquire assets that would benefit Jetspeed if acquired in its name.Ilya's usurping this opportunity may violate the duty of

• A)acting in one's own interest.
• B)agency.
• C)care.
• D)loyalty.

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Definitions:

Shipped

The process of transporting goods or commodities from one place to another, typically involving the transfer of physical items through various modes of transport like land, air, or sea.

Insurable Interest

A requirement in insurance policies that the policyholder must stand to suffer a financial loss if the insured event occurs, giving them a legitimate interest in insuring the risk.

Risk Exposure

Risk exposure refers to the quantifiable potential for loss that an entity may face as a result of certain actions or decisions.

Damage

Physical harm that impairs the value, usefulness, or normal function of something, often requiring repair or compensation.