Explain the main concepts of this questions

16. New Inspiration Mines Inc. was in negotiations with a prospector over a possible gold claim. This claim was low on New Inspiration's priority list, and negotiations were stalled. Michel Lebois, a director of New Inspiration, approached the owner of the claim and bought it for his own company, Successful Mines Ltd. The claim turned out to be a good one, and Suu- cessful made a profit of $5 million. a) Did Lebois have any duty to New Inspiration Mines Inc.? If so, what is the technical name for this duty? b) What could New Inspiration do about this situation