A broker takes bushels of corn from a farmer in the amount of $10 per bushel as commission. Several days later, the broker sold the corn for a profit. The broker's action constitutes:

A. a secret profit.
B. profiting at the expense of the principal.
C. a legal profit
D. a breach of the agency relationship unless the $5 per bushel profit is disclosed to the farmer.


Ans: C. a legal profit

Business

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