Where a director's acts are in violation of his duty of loyalty to the corporation,the most likely principle to be applied is the

Question

Quizplus · Accepted Answer

The doctrine of corporate opportunity prohibits directors or officers of a corporation from taking advantage of opportunities that should belong to the corporation. This duty of loyalty is essential to protecting the interests of the corporation and its shareholders. If a director violates this duty by taking advantage of a corporate opportunity for personal gain, the corporation may pursue legal action against the director to recover any losses suffered. The other doctrines mentioned in the options are not directly relevant to a director's duty of loyalty.

Where a Director's Acts Are in Violation of His Duty