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Please solve within an hour! 1:59:53 Angie Margaret Tiersch: Attempt 1 Question 21 (20 points) Bertam is a longtime director of Memes Inc. (MI), a

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Please solve within an hour!

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1:59:53 Angie Margaret Tiersch: Attempt 1 Question 21 (20 points) Bertam is a longtime director of Memes Inc. ("MI"), a private company incorporated in Delaware. Bertram runs into some financial difficulties because of some bad investment decisions. Hence, Bertram convinces MI's CEO to have MI loan Bertram $500,000. The terms of the loan provide for interest at 1% per year and repayment in 10 years. MI's other directors are not aware of the loan. Percy, a disgruntled MI minority stockholder, finds out about the loan and is considering suing Bertram for breach of fiduciary duty. Analyze the claim, including whether it must be brought derivatively. Format BI U

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