Multiple Choice
Which of the following would be likely to result in liability to a director of a textile company?
A) The director sells stock in the textile company before a merger is announced.
B) The director uses the corporation's offices to buy and sell his own investment securities.
C) The director owns stock in an automobile company.
D) The director agrees to hire as president a man he has not personally investigated.
E) Both t he director sells stock in the textile company before a merger is announced and t he director uses the corporation's offices to buy and sell his own investment securities.
Correct Answer:
Verified
Correct Answer:
Verified
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