Cook and Smith formed a limited partnership, called Trinty Development, to develop a shopping center.
Adjacent to the shopping center was a ten-acre tract of undeveloped land that came up for sale after the limited partnership had begun its operations. Cook, the general partner, purchased the property from McCade, but only after McCade had refused to sell the property to Trinty. McCade stated that he did not want to do business with Smith. Cook then sold the property to another developer for a $60,000 profit. If Cook had sold the property to Trinty, Trinty could have profited. Smith objected to the purchase and sale by Cook. What alternatives did Cook have? With regard to his employment with Trinty, what was the ethical choice? How was Trinty damaged? With regard to Cook's relationship with McCade, what were Cook's alternatives?