Multiple Choice
A promoter owes a fiduciary duty to the corporation and to its prospective investors.This implies that:
A) a promoter is an agent of the prospective corporation.
B) prospective investors in the business can control actions of a promoter.
C) a promoter may engage in intrinsically fair transactions with the corporation.
D) a promoter is an agent of the prospective investors in the business.
Correct Answer:
Verified
Correct Answer:
Verified
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