Which of the following is an example of breach of fiduciary duty?
A) The directors of a corporation refuse to give a pay raise to the employees although they have not received one for five years.
B) A director makes a profit of $120,000 from a contract between the corporation and a firm in which he has an interest after he has made full disclosure of his interest to the board of directors and abstained from the vote on the contract.
C) An officer of a corporation learns of a business opportunity intended for the company and intercepts it for his own benefit
D) The directors refuse to declare dividend contrary to a request by its preferred shareholders.
E) A shareholder owning 2% of the outstanding shares starts a business in direct competition with a corporation in which he holds shares.
C
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A company has bonds outstanding with a par value of $100,000. The unamortized discount on these bonds is $4,500. The company retired these bonds by buying them on the open market at 97. What is the gain or loss on this retirement?
A. $3,000 gain. B. $1,500 loss. C. $3,000 loss. D. $1,500 gain. E. $0 gain or loss.
Tosucceed in a lawsuit alleging trademark dilution, the plaintiff must prove that consumers are likely to be confused by the unauthorized use of a mark
Indicate whether the statement is true or false
Under the Restatement, the publicity required for the tort of public disclosure of private facts is the same as "publication" under the law of defamation
Indicate whether the statement is true or false