Question

Lara is a partner at Matador Services, a management consulting firm. She makes an agreement with Regal InfoTech whereby Matador will provide management consulting services for $75,000 to Regal, on the condition that Regal pays her $5,000 personally. Which of the following is true of this situation?

A. Lara has placed her own interests above those of the partnership.

B. Lara has exceeded her actual authority.

C. Lara is competing against her partnership.

D. Lara has not exercised her duty to serve.

Answer

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