Which of the following would be seen as 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
D
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The federal district courts are empowered to impanel juries, receive evidence, hear testimony, and decide cases.
Answer the following statement true (T) or false (F)
Both U.S. GAAP and IFRS classify gains and losses that are both unusual in nature and infrequent in occurrence as extraordinary and present them in a separate section of the income statement
a. True b. False Indicate whether the statement is true or false
ROI is a performance measure, which uses information only from a company's income statement
Indicate whether the statement is true or false
If a buyer breaches the sales contract, the seller may sue for
a. the purchase price. b. the market price. c. punitive damages. d. none of these.