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Timothy Lovejoy is an officer and director in Try-N-Save Inc. Timothy is primarily responsible for finding and purchasing property for development. While on a business

Timothy Lovejoy is an officer and director in Try-N-Save Inc. Timothy is primarily responsible for finding and purchasing property for development. While on a business trip financed by Try-N-Save, Timothy found property for sale at 65% of fair market value. Timothy wants to purchase the property for himself. Under what circumstances may he do so?

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