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Chip Is a Director of Diners Restaurants,Inc

Question 47

Multiple Choice

Chip is a director of Diners Restaurants,Inc.Chip would breach his duty of loyalty if he


A) becomes a director of Fluffy Mattresses,Inc.,a noncompeting firm.
B) buys a controlling interest in Gulpin' Foods Corporation,a competing firm.
C) votes for Diners to buy a controlling interest in Eateries,Inc.,which causes Diners to suffer a loss.
D) votes against Diners' purchase of a controlling interest in Eateries,Inc.,which causes Diners to suffer a loss.

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