Author Question: Which of the following would be likely to result in liability to a director of a textile company? ... (Read 40 times)

jerry coleman · **on:** Jun 24, 2018

Which of the following would be likely to result in liability to a director of a textile company? The director:
A) sells stock in the textile company before a merger is announced.
B) buys stock in the textile company using the computer in the office of the company.
C) owns stock in an automobile company.
D) agrees to hire as president a man he has not personally investigated.

Question 2

Which of the following would be considered a material breach of a contract?
A) Partial performance that omits some essential part of the contract.
B) Delivery of 50 chairs in a contract that calls for 100 chairs.
C) An intentional breach of the contract.
D) All of these would be material breaches.