Practice question
What must a fiduciary account for when Section 30's adverse-interest rule applies?
- Every unrelated family asset
- Only the cost of stationery
- Profits that otherwise would have accrued to the corporation
- All national tax receipts
- All competitors' revenue
Legal references
- RA11232 Section30: https://lawphil.net/statutes/repacts/ra2019/ra_11232_2019.html
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