Ron Sanyo is a director of Tippet industries, a business that imports clothing. Ron learns of a good deal on clothes from Cuba and wants to start his own company to take the Cuba deal. If he does so, he will have breached which, if any, of the following?

Question

Quizplus · Accepted Answer

Ron would breach his fiduciary duty by taking a business opportunity for himself that could benefit Tippet industries, as directors have a duty to act in the best interest of the company.

Ron Sanyo Is a Director of Tippet Industries, a Business