This question should be answered using an IRAC structure. Please include all relevant key words in your answer.
Ted is a newspaper editor who co-owns a photography business with his brother. Ted hires the photography business to take pictures that will accompany articles in the newspaper. The payment rate will be much higher than usual. However, Ted does not inform the newspaper owners or management that he is a co-owner of the photography business. Has Ted violated his fiduciary duties?
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To answer this question, you will need to think about and consider whether Ted has engaged in self-dealing.
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