Amy is on the board of directors of Computers Plus. Computers Plus is looking for a warehouse to purchase. Amy owns a warehouse. In order for Amy to sell her warehouse to Computers Plus,
A. the transaction must be fair to both Amy and Computers Plus.
B. the disinterested members of the board of directors must approve the transaction.
C. she must resign her position on the board of directors of Computers Plus before any negotiations for the warehouse begin.
D. a court must review the opportunity to determine its favorability.
Answer: B
You might also like to view...
The Dissolve transition effect is too eye-catching for most slides
a. true b. false
Scienter is an element of fraud and requires that the wrongdoer must intentionally make a false
statement that is relied upon by the plaintiff. Indicate whether the statement is true or false
For an action of negligence, six elements must be proved
a. True b. False Indicate whether the statement is true or false
The rights that accompany a fee simple absolute include the right to use the land for whatever purpose it is best suited, not necessarily for whatever purpose the owner sees fit
Indicate whether the statement is true or false