Self Dealing by a Manager of a Corporation

question 36

Multiple Choice

Self dealing by a manager of a corporation:

• A) must be approved by at least one directors of the corporation
• B) cannot be mad valid by the shareholders.
• C) always violate the corporate opportunity doctrine.
• D) must be entirely fair to the corporation.

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Definitions:

Bidders

Individuals or entities that offer a specific price for goods, services, or assets, typically in the context of auctions or tendering processes.

Expected Price

The price level that consumers, investors, or businesses predict or assume will prevail in the future based on current information.

Oral Auction

A traditional auction where bidders shout out their bid prices, and the highest visible bid at the end wins the item.

Bidders

Individuals or entities that offer a price for goods, services, or assets in an auction or competitive bid process.