A Director Who Refuses to Disclose His Interest in Another

question 38

True/False

A director who refuses to disclose his interest in another company at a directors meeting where the purchase of the other business is being voted on has committed a breach of trust.

---

Definitions:

Consumer Arbitration Clause

A provision in a contract that requires disputes to be resolved through arbitration rather than litigation in court, often found in consumer agreements.

Class-Action Basis

A lawsuit where a group of people with similar grievances combine their complaints into a single lawsuit against a defendant, alleging common law violations.

Malpractice Case

A legal case brought against a professional, such as a doctor or lawyer, for negligence or incompetence.

Motion for a New Trial

A legal request made by a party in a trial to have the trial heard again, either in part or in full, due to errors or new evidence.