Assignment:
Loring and Jenkins were officers in Smithson, Inc., a publicly held corporation. They learned of a building for sale that would have benefited the corporation, but they instead bought it for themselves so they could rent it for a huge profit. Would a court invalidate this transaction? On what grounds?
Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.