In Storetrax.com v. Gurland, where Gurland, founder and president of Storetrax, was fired, the appeals court held that it was not a breach of fiduciary duty for Gurland to be paid severance pay.
a. True
b. False
Indicate whether the statement is true or false
Question 2
When a merger increases concentration, a defense that shows that the firms' customers are sophisticated, large buyers that will not be taken advantage of by a bigger merged firm is:
a. the failing firm defense
b. potential competitor defense c. power-buyer defense
d. directorate defense
e. no such defense is recognized
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