Usurping a corporate opportunity is a breach of the duty of loyalty that can only be committed by a shareholder.

Name: Usurping a corporate opportunity is a breach of the duty of loyalty that can only be committed by a shareholder.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Usurping a corporate opportunity is a breach of the duty of loyalty that can be committed not only by a shareholder, but also by a director, officer, or other company insider who has a fiduciary duty to act in the best interests of the company.

Usurping a Corporate Opportunity Is a Breach of the Duty