A Corporation Generally May Avoid a Transaction Because of a Director's

question 39

True/False

A corporation generally may avoid a transaction because of a director's secret disqualification,such as a conflict of interest.

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Definitions:

Federal Agencies

Governmental bodies at the federal level that have specific responsibilities and authority to implement and enforce laws.

Confidentiality

The ethical or legal duty to protect personal or sensitive information from unauthorized disclosure.

Privacy

The state or condition of being free from unauthorized intrusion or disclosure of information.

Belmont Report

A foundational document in the ethics of human subjects research, outlining principles such as respect for persons, beneficence, and justice.