Question

Nora and Owen do business as Profit & Property, a real estate investment partnership. In acting on the firm's behalf in a deal with Village Mall, Nora takes advantage of an opportunity to make a secret profit on her own behalf. To her firm, Nora is liable for​ Select one:________

a. ​breach of contract.
b. ​breach of the duty of loyalty.
c. ​breach of the duty of care.
d. ​nothing.

Answer 1

Answer: Breach of duty of loyalty.

Explanation: Nora is liable for a breach of duty of loyalty to her company the Nora and Owen real estate partnership company.

A breach of duty of loyalty occurs when an employee breaks the trust the employer had on them, when carrying out a business transaction, in order for them to get quick gain unknown to their employer.