Etta is a director of Fab Stuff Corporation.Without informing Fab,Etta goes into business with GR8 Things,Inc.,in competition with Fab.Etta is liable for breach of
A) the business judgment rule.
B) the duty of loyalty.
C) no duty or rule
D) the duty of care.
Correct Answer:
Verified
Q41: Management Consultants,Inc.,has a large number of directors.The
Q42: Honi is a director of Italian Desserts,Inc.Honi
Q43: Fiona owns one share of stock in
Q44: Farrah and Grant are shareholders of Hong
Q44: Because stock is intangible personal property,a stockholder's
Q45: Denise,Ervin,and Flem occupy the positions of directors
Q47: Shannon is an officer for Turista Shirts
Q48: RayAnn is a corporate officer for Timmy's
Q49: Regina is a director of Shale Oil,Inc.As
Q51: Rafi,a director of Super Service Station Corporation,does
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents