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Mia Zora was an officer, director, and employee of a large broadly held corporation. At the directors' meeting, she learned that the corporation was voting
Mia Zora was an officer, director, and employee of a large broadly held corporation. At the directors' meeting, she learned that the corporation was voting on a resolution to buy a piece of property from James Witherspoon for $100,000. Zora was delighted as she was one of three co-owners of the property. Zora voted for the resolution, which passed without discussion by a vote of 5-0. Several months after completion of the purchase, the other directors learned of Zora's ownership and called her to account to the corporation for any profit made, Which of the following is true? Select one: O a. Zora owed a fiduciary duty to the corporation and breached that duty by her actions. O b. If the directors fail to take action, the shareholders can't bring an action on behalf of the corporation against Mia Zora. O c. Zora must buy a new suit for every other director, d. The shareholders could never proceed under the dissent procedure and force the corporation to buy them out. O O e. Zora should have never said anything. She talks too much
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