Question
1.A director is prohibited from dealing with the corporation he serves in as director unless the same is fair and reasonable under the circumstances. IS
1.A director is prohibited from dealing with the corporation he serves in as director unless the same is fair and reasonable under the circumstances. IS THIS TRUE or FALSE? why?
2. The President of the company, seeing the company vehicle in such disrepair, instructed the Manager to have it fixed at the garage of the President as 50% less than what it would normally cost the company. The transaction is valid as it benefitted the company more than the President. IS THIS TRUE or FALSE? why?
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College Mathematics for Business Economics Life Sciences and Social Sciences
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
12th edition
321614003, 978-0321614001
