Padraig Is a Director of Eire Inc

question 13

Multiple Choice

Padraig is a director of Eire Inc.Oona, an independent businesswoman, presented Eire with an opportunity to enter into a business venture.The company's board of directors considered the proposal, and identified a number of risks that were associated with it.However, Eire did not reach a conclusion as quickly as Oona had hoped.Even though the board of Eire was still considering the proposal, she took the proposal to Padraig personally.Oona and Padraig had worked together on a number of business ventures in the past.Padraig accepted the proposal within eight hours.Which of the following statements is most likely to be TRUE?

• A)Eire can successfully sue Padraig for breach of his duty of care but not breach of fiduciary duty of care.
• B)Eire can successfully sue Oona for breach of fiduciary duty.
• C)Eire can successfully sue Padraig only if it can persuade the judge that it had decided to accept Oona's proposal when it learned that Padraig had already done so.
• D)Eire can successfully sue Padraig for any profits that he earns from the venture with Oona.
• E)Padraig could have legally accepted Oona's proposal if he had first resigned his position with Eire.

---

Definitions:

Carl Jung

A Swiss psychiatrist and psychoanalyst who founded analytical psychology, known for his theories of the collective unconscious, archetypes, and psychological types.

Emotional Intelligence

The capacity to be aware of, control, and express one's emotions, and to handle interpersonal relationships judiciously and empathetically.

Self-Management

Self-Management refers to the ability of an individual to manage their personal actions, emotions, and thoughts in a productive and effective manner.

Valuing Diversity

The appreciation and respect for differences among individuals, including those related to culture, race, gender, or any other characteristic.