Prophet Inc has existed for several years.Delilah is a director, Suki is a shareholder, and Odessa is an officer.Which of the following statements is most likely to be TRUE?

Question

Quizplus · Accepted Answer

Delilah and Odessa, as director and officer respectively, owe a fiduciary duty to the corporation itself (Prophet Inc). Suki, as a shareholder, does not owe any duty of care to Delilah. Odessa does not owe a fiduciary duty to Suki, but rather to the corporation. Prophet Inc, as an entity, cannot owe a duty of care to a shareholder. There is no specific contractual duty of utmost good faith mentioned in the scenario.

Prophet Inc Has Existed for Several Years