Ingel Is a Director in MIV Inc

Multiple Choice

Ingel is a director in MIV Inc.,a large,successful software development company.He entered into a contract involving the sale of software he developed to MIV Inc.In law,this is a self dealing contract.Why is it enforceable?

A) Political lobbying efforts have successfully avoided a blanket prohibition of self dealing.
B) Ingel's self dealing is permissible if the governance committee has given assurance it is not a rip off.
C) Ingel provided a written disclosure and abstained from voting on the fair and reasonable deal.
D) Self dealing contracts are permissible if an oversight committee has confirmed the deal is not a rip off.