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The action of an agent in taking personal advantage of a business opportunity that rightfully belongs to the principal is known as self-dealing O competing
The action of an agent in taking personal advantage of a business opportunity that rightfully belongs to the principal is known as self-dealing O competing with the principal O a conflict of interest usurping an opportunity Judy was the manager of an apartment complex. She hired Rick to mow the lawns. One afternoon while Rick is mowing the lawn, his negligence caused damage to Terri's car. If Rick is an independent contractor, who is liable to Terri? Judy and Rick The apartment complex owner, Judy, and Rick. The apartment complex owner and Rick, but not Judy. O Only Rick. Mary an accountant, includes a false statement in a report for Novelty Paper Products, Inc. (NPPI) that is filed with the Securities and Exchange Commission. When Otho buys stock in NPPI and loses money on the investment, he files a suit against Mary, alleging securities fraud under Section 18 of the 1934 Securities Exchange Act. To avoid liability, Mary can show that she intended to defraud NPPI, not Otho. intended to profit on stock trades generally, not only with Otho. is an otherwise competent accountant. was merely negligent, and that she acted in good faith
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