Examlex
Which of the following statements is true?
Usurped Corporate Opportunity
An act where an individual takes advantage of an opportunity that rightfully belongs to a corporation, typically violating fiduciary duties.
Director Liability
The legal responsibility of a company's directors to act in the best interest of the company, with potential personal legal consequences for breaches of duty.
Shareholder Meeting
A gathering of the stockholders of a corporation to vote on corporate affairs and to be informed about the company's performance and strategy.
Motion
A formal proposal put to a meeting or court for a decision to be made.
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