Question: While acting as a fiduciary, you recommended that your client buy a particular brand of refueling station to charge her new, electricity-powered car. You told

While acting as a fiduciary, you recommended that your client buy a particular brand of refueling station to charge her new, electricity-powered car. You told your client that she would be able to save 70% of the purchase price of the home refueling station through a combination of tax credits and utility rebates. You were correct, and the client achieved these savings. However, you did not tell the client that you were receiving a $200 commission from the manufacturer of that particular refueling station brand. Your client now is furious that you received this commission and never told her about it. Do you owe your client $200?

Step by Step Solution

★★★★★

3.50 Rating (163 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Yes Your client did not suffer any damages You gave her accu... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

1356-B-O-B-B-E(2063).docx

120 KBs Word File

Students Have Also Explored These Related Organizational Behavior Questions!

a. What were the three arguments put forth by Plaintiff? b. What goal of Hercules' proxy statement did the Court rely upon to grant Hercules Motion to Dismiss? c. What was the Court's point in noting...

Utilizing the CAFR obtained for Exercise/ Problem 117, examine the financial statements included in the financial section and answer the following questions. If the CAFR you have obtained does not...

1. Was Varity acting as a fiduciary at the special meeting held with workers, or was it acting as an employer giving an optimistic view of a new venture? 2. Did Varitys deception violate...

1Why would a pension fund manager be considered to owe fiduciary duties? 2. While acting as a fiduciary, you recommended that your client buy a particular brand of refueling station to charge her...

Ethics in Accounting: General Fiduciary Duties Question 2 & 3: 2. While acting as a duciary, you recommended that your client buy a particular brand of refueling sta- tion to charge her new,...

I have to do an accounting assignment. I have attached the instructions, the questions, and pdf's containing the information requested for the questions. Company Estimates & Opinions Sanmina Corp...

A. Choose a retail store in Bahrain preferably or outside Bahrain and research on the following points: (minimum total 2000 words. Here we are talking about WALMART and the answers must be related to...

CASE 1 Ann owns a shop selling prints. She placed an advertisement in the Friday edition of her local paper stating: 'Unique opportunity to own an original Bell print for 500 cash. One only...

Chapter 38 from Business Law and the Legal Environment was adapted by The Saylor Foundation under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 license without attribution as requested...

Multiple choice questions in file.{ tf1\ansi\ansicpg1252\cocoartf949\cocoasubrtf540{\fonttbl\f0\froman\fcharset0 Times-Roman;}{\colortbl; ed255\green255\blue255; ed61\green61\blue61;...

If For what value of k does Var(Y)=2? fr (y) = 0

What are the three major accounts in the balance of payments?

1. When disposable income increases by $X, A. consumption increases by more than $X. B. saving increases by less than $X. C. saving increases by exactly $X. D. saving remains constant. E. saving...

1. Utilizing a spreadsheet version of the Huff location model (with 1.0), recommend a store size and location for AFI. Assuming that AFI does not wish to consider a store that is smaller than 10,000...

1. Consider Kohlbergs six stages of moral development. What would Cindie do and why if she re as one date ach of the six stages? 2. Assume that Cindie approached Lyndell about her concerns. Lyndell...

1. Assume Brenda has no reason to doubt Vincents veracity with respect to the statement that it is a one-time request. Should that make a difference in what Brenda decides to do? Why or why not? 2....

Shifty Industries is a small business that sells home beauty products in the San Luis Obispo, California, area. The company has experienced a cash crunch and is unable to pay its bills on a timely...

Assume that the expected rate of return on the market portfolio is 23% and the rate of return on T-bills (the risk-free rate) is 7%. The standard deviation of the market is 32%. Assume that the...

Use the observer design pattern. Get them to work in Visual Studio or GCC * Add additional properties to Customer if necessary * Add additional code to the existing observers to show their...

Question Let ,ul and p2 denote true average densities for two different types of brick. Assuming normality of the two density distributions, test: H0: p1 ,uz = 0 versus Ha: _u.1 #2 0 Use the...