12. A real estate developer, Ms. Hart, approaches Dick Jones…
12. A real estate developer, Ms. Hart, approaches Dick Jones to ask whether OCP would be interested in purchasing a parcel of land located next to OCP’s main factory. Dick realizes the land would be highly valuable to OCP for future expansion, but instead Dick personally purchases the property in his own name and later offers to lease it to OCP at a premium rate. Dick does not inform the other OCP officers or Board of Directors that he owns the property. Which fiduciary duty has Dick Jones most likely violated?