A Director Who Usurps a Corporate Opportunity

question 116

Multiple Choice

A director who usurps a corporate opportunity:

• A)will owe his/her corporation the profits from the opportunity.
• B)will not owe the profits to the corporation so long as the venture was disclosed in advance.
• C)has violated the business judgment rule.
• D)none of the above

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Definitions:

Transportation

Refers to the movement of goods or people from one location to another, typically involving vehicles such as trucks, ships, and planes.

Dabbawalas

A lunchbox delivery and return system in Mumbai, India, known for its low cost and high reliability.

Milk Run

A distribution strategy that involves the regular collection of goods from multiple suppliers in a single journey, optimizing transportation efficiency.

Transportation Cost

The expenses associated with moving goods or services from one location to another.