Melli is the President of Iritech Inc, a grocery supplier. On behalf of Iritech, Melli has been negotiating with Teran Food Stores Ltd for two years for Teran to commit to making Iritech its exclusive supplier. Getting the contract would put Iritech's business on a much firmer financial footing. Melli has recently become frustrated with Iritech and is interested in leaving to form her own grocery supply business. The Teran contract would give her a great start and she thinks that Teran has been sufficiently impressed by her that she would have a chance to get the contract for herself. Which of the following factors would support the conclusion that it would be a breach of her fiduciary duty for her to quit and seek the Teran contract for herself?
A) Melli had access to the opportunity because of her position with the corporation.
B) This is a specific opportunity that the corporation has been actively pursuing.
C) The corporation had done extensive work preparing for the opportunity.
D) This is a significant opportunity for the corporation.
E) all of the above
Correct Answer:
Verified
Q1: George wants to get out of his
Q2: Which of the following statements best describes
Q3: Which of the following best describes to
Q4: Which if the following statements are TRUE?
A)
Q6: As a result of dealing with Barry,
Q7: The defence of due diligence
A) applies only
Q8: Jelena and Patrick are starting a retail
Q9: The obligation that requires certain people within
Q10: Denise has been asked to join the
Q11: Elroy was the controlling shareholder and sole
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents