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 the above.

Question

Quizplus · Accepted Answer

An arm's length transaction is one in which the parties are acting in their own self-interest and without any special relationship or obligation to each other, such as a fiduciary duty or duty of confidentiality.

An Arm's Length Transaction Is One in Which