Question
Question 2 (1 point) Brax Inc., a real estate investment company, hired Monica, a professional accountant, to analyze investment opportunities. Through her analysis, Monica identified
Question 2 (1 point)
Brax Inc., a real estate investment company, hired Monica, a professional accountant, to analyze investment opportunities. Through her analysis, Monica identified several lucrative investments. She mentioned one of these investment opportunities to her friend who owns a real estate investment company. As the opportunity was limited to one investor, her friends company invested within a week. Which of the following statements accurately reflects Monicas situation?
Question 2 options:
| Monica does not have a risk of professional liability if Brax consented to Monicas disclosure to her friends and their investment. |
| Monica did not breach her fiduciary duty if Brax did not suffer harm as result of Monicas disclosure. |
| Monica breached her fiduciary duty even if her friends made the investment without her knowledge. |
| Monica breached her fiduciary duty but will not be liable if she has errors and omissions insurance. |
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