Question
Which of the following describes the duties owed by directors? a.) Directors owe a fiduciary duty and a duty of care only to the corporation
Which of the following describes the duties owed by directors?
a.) Directors owe a fiduciary duty and a duty of care only to the corporation and owe neither to its stakeholders, including creditors.
b.) Directors owe a fiduciary duty to the corporation and also to its stakeholders, including suppliers.
c.) Directors owe a fiduciary duty to the corporation and a duty of care not only to the corporation but also to its stakeholders, including creditors.
d.) Directors owe a fiduciary duty to the corporation but do not owe a duty of care to the corporation or its stakeholders, including creditors.
e.) Directors owe a fiduciary duty and a duty of care to the corporation and to its stakeholders, including creditors.
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