Mary Is a Director of a Company That Develops Expensive

question 42

Essay

Mary is a director of a company that develops expensive residential subdivisions.The company is considering attempting to purchase a large section of land on which to put a development.Mary happens to own some of the land.What duty,if any,does she have regarding disclosure and why or why not; and what steps,if any should be taken by the board when considering the matter?

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Definitions:

Physical Properties

Characteristics of a material or object that can be observed or measured without changing its composition, such as density, color, or melting point.

Sound Waves

Oscillations of air pressure that travel through the air or another medium and can be heard when they reach a person's or animal's ear.

Auditory Perception

The process by which the brain interprets and makes sense of sound signals received from the ears.