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Alberto owned 3 3 percent of the shares of Group of Fishermen Inc. Group of Fishermen had a particularly bad year on the ocean and
Alberto owned percent of the shares of Group of Fishermen Inc. Group of Fishermen had a particularly bad year on the ocean and as a result was looking to sell some of its fishing boat fleet. Alberto arranges to sell ten boats to Fishermens Friends LLC at a substantial discount. After the sale has been completed, the rest of the board learns that Alberto purchased percent of Fishermens Friends. In what ways has Alberto violated the business judgment rule? Choose two answers.
He has breached the duty of selfdealing.
He has breached the corporate opportunity doctrine.
He has breached the duty of corporate respect.
He has breached the duty of openness.
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