Ben is a director of Creation Corporation,an architectural firm.Without informing Creation,Ben goes into business with Design,Inc. ,a Creation competitor.Ben is liable for breach of
A) the duty of care.
B) the business judgment rule.
C) the duty of loyalty.
D) none of the choices.

Question

Quizplus · Accepted Answer

Ben has breached his duty of loyalty to Creation Corporation by engaging in business with their competitor, Design Inc., without informing them. As a director, he has a fiduciary duty to act in the best interest of the company and avoid conflicts of interest.

Ben Is a Director of Creation Corporation,an Architectural Firm