When a Director Has a Duty to Acquire Property for the Corporation

question 51

Multiple Choice

When a director has a duty to acquire property for the corporation and instead acquires it for herself,she has

• A)intercepted an opportunity belonging to the corporation and has committed a breach of duty.
• B)an obligation to immediately disclose the acquisition of the property to the shareholders.
• C)no obligation to disclose and has not committed any breach of duty.
• D)breached her obligation not to compete with the corporation.