A Manager Who Has Engaged in Self-Dealing Has Violated the Duty

question 35

True/False

A manager who has engaged in self-dealing has violated the duty of loyalty to the corporation,unless the self-dealing was entirely fair to the corporation.

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Definitions:

Personal Moral Philosophy

An individual's set of beliefs and principles about what is right and wrong, guiding their behavior and decisions.

Abatement

A reduction, decrease, or the lessening in severity or intensity of a legal action, amount, or property value, often related to tax or rent.

Purchase Agreement

A legal document between a buyer and seller outlining the terms and conditions of a transaction or sale of goods, property, or services.

Survey

A drawing of the boundaries of a property prepared by a professional surveyor.