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Tony is the director of Y Corporation , using is best judgment, convinces the corporation to enter into a contract with Z Corporation. Y Corporation

Tony is the director of Y Corporation , using is best judgment, convinces the corporation to enter into a contract with Z Corporation. Y Corporation loses a million dollars on the contract. The shareholders of Y Corporation brings a lawsuit against Tony to hold him personally liable for the million dollar lost and to get the corporation out of the contract. Explain what will happen to Tony, will he be held personally liable and will his decision to enter into that contract with Z Corporation remain/stand?


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