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Which of the Following Is Not an Essential Element in Proving

Question 106

Multiple Choice

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.

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