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One of the Fiduciary Duties of Directors Is the Duty

question 39

Multiple Choice

One of the fiduciary duties of directors is the duty not to compete with the corporation.They may pursue their own business interest,but they may not:


Definitions:

Renewal of Warfare

The resurgence or resumption of conflict or war after a period of peace.

Headright System

A land grant program designed to attract settlers by offering them a certain amount of land for each individual or head they brought to the colony.

Wealthy Gentry

A class of wealthy landowners who typically held significant social, economic, and political power in their regions.

House of Burgesses

The first legislative assembly of elected representatives in North America, established by the Virginia Company in what is now the United States.

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