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Question
Regional Investment Corporation (RIC) hires Sam, a real estate agent, to locate investment properties for RIC. Sam learns of a warehouse available for $100,000, buys it himself, and offers it to RIC for $200,000. Under the reasoning of the court in Case 31.3, Cousins v. Realty Ventures, Inc., Sama. breached the agent's fiduciary duties to the principal.
b. did nothing wrong.
c. failed to take advantage of a business opportunity.
d. set an unreasonable price based on current market value.
Answer
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