Which Two of the Following Are Examples of Breaches of Fiduciary

question 23

Multiple Choice

Which two of the following are examples of breaches of fiduciary duty?

• A) The directors of the corporation, contrary to the request of the shareholder, refused to declare dividends.
• B) A director of a corporation, as director, learned of a good deal and took advantage of it for himself before the corporation had the opportunity to do so.
• C) A promoter of a corporation sold property to the corporation for three times what he paid for it after he made full disclosure of his interest to an independent board of directors, which voted for the purchase.
• D) A shareholder started a business that competed directly with the business.
• E) An employer charged his employees for parking after supplying it free for years.

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Definitions:

Tender Sexual Feelings

Gentle and affectionate emotions associated with sexual attraction or love.

Absorption

The process by which one thing absorbs or is absorbed by another, especially in reference to substances.

Passionate Love

A type of love characterized by intense emotions, sexual attraction, and a desire for physical closeness.

Sexual Infatuation

An intense, but short-lived passion or admiration for someone, often mistaken for love.