Strata Management Licensing Practice Exam · Question
If a strata council member owns a landscaping company and bids on a landscaping contract for the strata corporation, what ethical issue arises?
This situation presents a conflict of interest, where a council member's personal financial interest could influence their decision-making for the strata corpor
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Question: If a strata council member owns a landscaping company and bids on a landscaping contract for the strata corporation, what ethical issue arises?
Answer options:
- Breach of contract. ✅ Conflict of interest.
- Defamation.
- Unfair competition.
Correct answer: Conflict of interest.
Explanation: This situation presents a conflict of interest, where a council member's personal financial interest could influence their decision-making for the strata corporation, and it must be declared and managed appropriately.
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