Biff is a director of ChemCo Inc. Because of this position, Biff becomes involved in litigation. With respect to the costs, fees, and damages involved, he has a right to
A) access the corporation's books, records, facilities, and other property.
B) be reimbursed, or indemnified.
C) use confidential corporate information for personal advantage.
D) subordinate the corporation's welfare to his personal interest.

Question

Quizplus · Accepted Answer

As a director, Biff has the right to be reimbursed or indemnified for costs, fees, and damages incurred in litigation related to his role, provided he acted in good faith and in the best interests of the corporation.

Biff Is a Director of ChemCo Inc