When a corporate officer usurps a corporate opportunity, what is the typical remedy?

Multiple Choice

The officer must forfeit to the corporation all benefits that the officer received.

The officer must disgorge the equivalent of five years' worth of salary.

The officer must pay liquidated damages in an amount equal to three times the profit the opportunity provided.

The officer will be enjoined from competing with the corporation.

The officer will serve time in jail.

Stanislas has agreed to serve as a director on the board of a privately held close corporation. As a result, he owes ________________ duties to the corporation because he is in a position of trust as a director.

Multiple Choice

ultra vires

intrinsic

judgmental

rational

fiduciary

Which of the following tender offer defenses involves a target's repurchase of its shares from a raider at a substantial profit to the raider, upon the condition that the raider sign a standstill agreement in which it promises not to buy additional shares of the target?

Multiple Choice

Lock-up option

Golden parachute

Poison pill

Pac-man

Greenmail