Felix was a director of Great Logistics Ltd., a corporation which leased a large dock from Juneau. Felix gave instructions to the person in charge of the dock that the container ship would be using the dock to unload its cargo. The ship damaged the dock on its arrival, and the dock owner brought an action against Great Logistics Ltd. for repairs. If the ship was owned by another corporation in which Felix had an undisclosed financial interest, Felix would be liable to Great Logistics for granting unauthorized permission for the ship to use the dock.

True

False