Certain parties owe a fiduciary duty to a corporation. This duty may be a duty of care or a duty of loyalty. For each item in column A below, determine which duty, if any, applies and whether it has most likely been discharged. If neither duty applies, select "N/A" in column C. B 1 Item Applicable duty Discharged 111 AID 10 E E 10 Reliance by directors on advice from a person 2 reasonably believed to be competent Reliance by officers on the 3 specialized knowledge of accountants. A director profits from a corporate opportunity 4 without giving the entity first refusal. An officer has a disclosed financial interest in a 5 corporate transaction approved by informed, disinterested directors. A controlling shareholder gives advice but is not 6 informed about pertinent matters E E E TH Select an option below O Duty of care O Duty of loyalty ONeither Select an option below O Yes O No