Oscar and his partner, Tony own a computer consulting firm, Website Inc. One of their clients, Fred, owns a very profitable company that does medical billing for doctors and hospitals in seven states. After 20 years in the business, Fred is ready to retire and he is looking for someone to take over his business. Fred thinks Website would make a good successor company and approaches Oscar about buying the business. Oscar feels he can successfully run the business, given his technology background. Oscar then buys the business. Does Oscar's conduct violate any corporate rules? Explain.