Which of the following is not an essential element in proving that a director or officer has usurped a corporate opportunity?
A) The opportunity was presented to the director or officer in his or her corporate capacity.
B) The opportunity is related to or connected with the corporation's current or proposed business.
C) The corporation has the financial ability to take advantage of the opportunity.
D) The corporate officer or director took the corporate opportunity for himself or herself.
E) The opportunity will, in all reasonable likelihood, be a profitable endeavor, and the corporate officer or director is aware of the favorable probability.
Correct Answer:
Verified
Q101: Jan owns eight hundred of the two
Q102: Why did proponents of the Sarbanes-Oxley Act
Q103: If adequate notice is not given of
Q104: A board of directors acts by adopting
Q105: Betty is a director of the Yazula
Q107: The Sarbanes-Oxley Act was enacted in response
Q108: In general,when can a corporate officer be
Q109: Martin,Martina and Melvin are shareholders of Random
Q110: Which of the following is true regarding
Q111: Which of the following is not one
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