Oxford Management Inc Is a Management Consulting Firm

Multiple Choice

Oxford Management Inc is a management consulting firm.It has hired Jerome as its agent to buy new computers for its offices across the country.Jerome owns 10 computers,which are ideal for Oxford's needs.Oxford is a valued client,and he decides to sell the computers to Oxford for a price which is $10 000 less than their market value.As agent for Oxford,he decides to buy the computers for this price from himself.Which of the following is TRUE?

A) Jerome can never buy the computers for Oxford from himself because his personal interest as the seller would conflict with his duty to obtain the best price for Oxford.
B) Jerome can buy the computers for Oxford from himself if Oxford consents to the sale.
C) Jerome can buy the computers for Oxford from himself so long as he is satisfied that the price is fair.
D) Jerome cannot buy the computers for Oxford from himself if there is an alternative supplier willing to sell the computers at their market value.
E) Jerome cannot sell his own computers to Oxford even if Oxford consents to the sale.