Author Question: Officers and directors of a corporation owe to the corporation the subordination of their ... (Read 96 times)

madam-professor · **on:** Jun 24, 2018

Officers and directors of a corporation owe to the corporation the subordination of their self-interest to the interest of the corporation and owe constant loyalty to the corporation. This duty is the:
A) fiduciary duty.
B) business judgment duty.
C) duty of indemnification.
D) duty of diligence.

Question 2

After the coronation of Edward VII did not take place on the scheduled date and parties who had entered into contracts in anticipation of the event filed numerous suits, the doctrine of frustration of purpose was added to the law of contracts.
Indicate whether the statement is true or false