Some courts have held that certain shareholders are fiduciaries of each other.These are shareholders of:
A)close corporations.
B)open corporations.
C)publicly traded corporations.
D)nonprofit corporations.

Question

Quizplus · Accepted Answer

Some courts have held that all close corporation shareholders-whether majority or minority owners-are fiduciaries of each other and the corporation,on the grounds that the close corporation is an incorporated partnership.

Some Courts Have Held That Certain Shareholders Are Fiduciaries of Each