Q6 Amy was an officer and director of Panda Corporation. As a part of her corporate responsibilities, Amy was assigned the task of selling some land and buildings owned by the corporation. She was instructed that the corporation expected to receive about $1.6 million for the property. Although Amy had been in contact with several potential buyers, nobody was interested in paying the asking price. Ultimately, Amy convinced the corporation to sell the property to Todd for $1.2 million. After the sale was completed, Panda Corporation discovered that Todd and Amy were business partners and the property was purchased on behalf of their partnership. If Panda sues Amy, which of the following statements are correct?

A. There is no legal problem because Todd owed no duty to Panda.

B. Amy has violated her fiduciary duty to Panda even if $1.2 million was a fair price.

C. There is no legal problem because Amy was not competing with Panda.

D. Both (A) and (C) are correct.