Reference - Kite Sales. Wendy is president of a business that manufactures kites. The kites of her company, ABC Kites, are sold to large toy stores. After Wendy learned a great deal about kites, she started to make kites at home and to promote them to large toy stores. She also started selling kites to friends. Some of the directors learned about her kite sales and accused her of wrongdoing. Wendy denied any wrongdoing. What remedy will be imposed on Wendy, if any, for her home kite sales?
A) Nothing because Wendy did not engage in any wrongdoing.
B) She will be required to cede to the corporation half of any profits she earned as a result of the breach.
C) She will be required to cede to the corporation only profits she earned as a result of the breach that the corporation can prove by a preponderance of the evidence it lost as a result of her actions.
D) She will be required to cede to the corporation any profits she earned as a result of the breach unless she can by a preponderance of the evidence that the corporation lost no sales as a result of her actions.
E) She will be required to cede to the corporation all the profits she earned as a result of the breach.
Correct Answer:
Verified
Q108: Reference - Kite Sales. Wendy is president
Q109: Reference - Nails. Mona and her friends
Q110: Reference - Machine Malfunction. Bruno, the president
Q111: Reference - Skateboard Growth. Both Bernie and
Q112: Discuss the rights of corporations under the
Q114: Reference - Kite Sales. Wendy is president
Q115: Reference - Self-Centered President. Tina is the
Q116: Reference - Machine Malfunction. Bruno, the president
Q117: Reference - Nails. Mona and her friends
Q118: Reference - Skateboard Growth. Both Bernie and
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