1. What is the meaning of ex officio authority?

2. Briefly write about the three fiduciary duties that officers and directors owe the corporation.

3. Defensive devices adopted by a board to protect an original merger transaction must withstand judicial scrutiny under an enhanced standard of review. Describe the key features of the enhanced judicial scrutiny test in this scenario.

4. What are the three elements that must be met before directors or officers may be found to have usurped a corporate opportunity?

5. Write a note on indemnification in corporations.