A director of a corporation cannot lend money to the corporation because that would create the danger

Question:

A director of a cannot lend money to the because that would create the danger of a conflict of interest between the director’s status as a director and as a creditor. Appraise this statement.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...