Answer - Option C
Disclosure of adverse facts and proper accounting for funds
This duty is the fundamental duty which needs to be performed by every licensee for his client.
The other options are subordinate to this.
56 of 75 What are the two special duties a licensee owes only to a client?...
CASE 20 Enron: Not Accounting for the Future* INTRODUCTION Once upon a time, there was a gleaming office tower in Houston, Texas. In front of that gleaming tower was a giant "E" slowly revolving, flashing in the hot Texas sun. But in 2001, the Enron Corporation, which once ranked among the top Fortune 500 companies, would collapse under a mountain of debt that had been concealed through a complex scheme of off-balance-sheet partnerships. Forced to declare bankruptcy, the energy firm...