An arm's length transaction is one in which:
A) the parties owe each other a special duty of confidentiality.
B) the parties owe each other a fiduciary duty.
C) the parties are acting in their own self-interest.
D) None of these.

Question

Quizplus · Accepted Answer

An arm's length transaction is one in which the parties are acting in their own self-interest, ensuring that they are dealing with each other as independent and equal parties, rather than having a special relationship that could influence the transaction's terms.

An Arm's Length Transaction Is One in Which