John knows that The Franklin Enterprises Partnership, in which John is a partner , is interested...
John knows that The Franklin Enterprises Partnership, in which John is a partner , is interested in purchasing a particular tract of land for a business location. Can John lawfully have his aunt buy the land, so that she may resell the land to Franklin Partnership?
A) Yes, the aunt is not a Franklin partner and has no loyalty to it.
B) No, it violates John's duty of care.
C) No, it violates John's duty of loyalty.
D) Yes, assuming the price to Franklin was a fair market price.
Homework Answers
No, it is not appropriate to do this as this will, violates John's duty of loyalty.
Hence the correct answer is "No, it violates John's duty of loyalty.
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John knows that The Franklin Enterprises Partnership, in which
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