Where a Director of a Corporation Appropriates to Himself a Benefit

question 16

True/False

Where a director of a corporation appropriates to himself a benefit that should properly be seized upon by the corporation, a trust is established of the benefit for the corporation by the Doctrine of Corporate Opportunity.

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Definitions:

Repressed

A psychological condition where thoughts, memories, or desires are pushed out of conscious awareness, often due to being considered unacceptable or traumatic.

Remember

The cognitive process of recalling information or experiences from the past.

Circular Fallacy

An argument that commits the logical fallacy of assuming what it is attempting to prove, thus reasoning in a circle.

Negative Way

A pessimistic or adverse approach to thinking, feeling, or responding to situations, often focusing on undesirable outcomes.