Which of the following constitutes a breach of the duty of loyalty by a corporate officer?
A. straight voting
B. cumulative voting
C. piercing the corporate veil
D. self-dealing
Answer: D
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Which group of stakeholders' primary interests include maximizing profits, growing market share, and high return on investment?
A. Partners/Suppliers B. Community C. Shareholders/Investors D. Government
Under the Uniform Commercial Code, an agreement modifying a contract
a. always requires consideration. b. requires consideration only when the sale of goods is involved. c. may not require consideration. d. requires consideration only when one of the parties is incompetent.
The use of insurance credit scoring is more common with the sale of homeowner's insurance coverage than it is with automobile insurance coverage
Indicate whether this statement is true or false.
In Davis v. Baugh Industrial Contractors, the traditional common law rule prevented a party who accepted a completed construction project from later suing the contractor for flaws in construction that caused injury to others. In reviewing such a case, the Washington state high court held that the rule was not sensible in modern times and would be dropped. This is an example of how:
a. modern day values are changing b. common law can adapt to changing circumstances c. common law never changes d. courts can never go against a precedent set in previous cases e. none of the other choices