To prove usurping by a director or an officer, a corporation must have the financial ability to take advantage of the usurped opportunity.

Question

Quizplus · Accepted Answer

In order to prove usurping by a director or an officer, the corporation must have the financial ability to take advantage of the opportunity that was usurped. This is because if the corporation did not have the financial ability to pursue the opportunity, then it cannot be said that the director or officer caused harm to the corporation through their usurpation.

To Prove Usurping by a Director or an Officer, a Corporation