After long discussion, the directors of B Corporation

decided to make an offer to purchase a vacant

property adjacent to their office building. The offer

was made at a price of $420,000. The offer was

rejected by the property owner. Director D of the

corporation then immediately made a personal offer

to purchase the lot for $430,000, and the offer was

accepted. What is the position of D? What is the

position of B Corporation? If Director D is willing to

sell it to B corporation should the position change if

she demands $430,000 or $435,000 or $735,000?