The Bigco Company Limited is the owner of a number of commercial buildings in a large Ontario city.One of the directors,Michael,suggested that the corporation purchase a large apartment building.Another director,Christine,was the owner of a one-third interest in the building.
-Christine may be obliged to pay over to the corporation any profit earned on the sale of the building,if she fails to disclose her interest at the directors' meeting.

Question

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If Christine fails to disclose her interest in the building, she may breach her fiduciary duty to the corporation, which could obligate her to account for any profits made from the sale.

The Bigco Company Limited Is the Owner of a Number