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The directors of B Corporation wished to purchase a vacant property adjacent to their office building and an offer to purchase was made at a
The directors of B Corporation wished to purchase a vacant property adjacent to their office building and an offer to purchase was made at a price of $120,000. The offer was rejected by the property owner. Director D of the corporation then immediately made a personal offer to purchase the lot for $125,000, and the offer was accepted. What is the position of D? What is the position of B Corporation?
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