An arm's-length transaction is one in which:
A) the parties owe each other a special duty of confidentiality.
B) the buyer does not know the identity of the seller.
C) the parties are acting in their own self-interest.
D) the parties do not meet in person to conduct the transaction.

Question

Quizplus · Accepted Answer

An arm's-length transaction is one where the parties involved are independent and on equal footing, each acting in their own self-interest, without any pressure from the other. This ensures that the transaction is conducted fairly and that the price reflects the true market value.

An Arm's-Length Transaction Is One in Which