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.

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Definitions:

Achievement-Oriented Leadership

A leadership style focused on setting high goals and encouraging team members to reach their maximum performance.

Role Modeling

The process where individuals influence others by being examples to follow, particularly in behaviors, skills, or attitudes.

Psychosocial Functions

The roles and impacts that social relationships and societal structures have on an individual's psychological well-being.

Mentoring

A developmental relationship where a more experienced or more knowledgeable person helps to guide a less experienced or less knowledgeable person.