Multiple Choice
Use this fact situation to answer the related questions that follow. Jane is the director of a private national company and has a number of friends who are the directors or officers of other large private national companies.One weekend,Jane and her family are invited to a barbecue at the home of Jane's good friend Edmund,who casually tells Jane as her friend that his company is about to sell a number of franchises and that anyone can pick them up relatively cheap.
In the situation above,if Jane decides to buy one or more of the franchises and the company finds out what she has done and sues her,it will probably argue that
A) Jane breached her duty of care owed to the company.
B) Jane breached her duty of good faith owed to the company.
C) Jane had an undisclosed interest in Edmund's corporation.
D) Jane came into the information in her capacity as a director of the company.
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q5: The winding up (dissolution)of a corporation can
Q12: What is the difference between the business
Q15: Use the fact situation in Q1 to
Q18: Explain the concepts of debt and equity
Q19: Use the fact situation in Q13 to
Q20: John,the controlling shareholder of a large national
Q21: Use the fact situation in Q5 to
Q22: Explain what it means for a director
Q29: The Delphi Corp.owns 60 percent of Lynden
Q40: If a corporation is profitable,directors must declare