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Eloise Is a Director for Frozen Yogurt Company

Question 30

Multiple Choice

Eloise is a director for Frozen Yogurt Company. Eloise is also a director for Gelato Desserts, Inc. When the board of Frozen Yogurt considers entering into a contract with Gelato Desserts, Eloise must


A) resign from one of the boards.
B) resign from both boards.
C) make a full disclosure of any conflict of interest.
D) use her best business judgment in voting on the proposed deal.

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