Essay
Lydia is a director of a company that develops expensive residential subdivisions. The company is considering purchasing a large section of land on which to put a development. Lydia happens to own some of the land. What duty, if any, does she have regarding disclosure? Also discuss what steps, if any, should be taken by the board when considering the matter, and why, or why not they should take those steps.
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Lydia has a duty to disclose her self-in...View Answer
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