The Obligation That Requires Certain People Within a Corporation to Act

The obligation that requires certain people within a corporation to act honestly and in good faith when discharging other responsibilities

A) arises under the common law, and not under statute.
B) imposes liability only if a breach causes the corporation to suffer a loss.
C) is known as the duty of care.
D) is broken when a person with this obligation enters into a transaction with the corporation unless certain requirements are met.
E) was recently abolished because it often prevented the sort of calculated risks that can generate large profits.