Wanda's financial advising firm wants to know the private client list held by a competing firm in town. Wanda sets up a meeting with an employee at the rival firm, and while there, Wanda downloads the client list to a flash drive when the employee steps away from his office. Three days later, Wanda uses the flash drive to open the client list.

Does Wanda's conduct violate trade secret law?

• Yes, because Wanda did not pay the rival firm for its client list.
• No, because trade secret protections disappear when a trade secret is discovered.
• No, because the firm with the private client list failed to keep it a secret.
• Yes, because the method by which Wanda discovered the trade secret is illegal according to trade secret law.