Multiple Choice
Chip is a director of Diners Restaurants,Inc.Chip would breach his duty of loyalty if he
A) becomes a director of Fluffy Mattresses,Inc.,a noncompeting firm.
B) buys a controlling interest in Gulpin' Foods Corporation,a competing firm.
C) votes for Diners to buy a controlling interest in Eateries,Inc.,which causes Diners to suffer a loss.
D) votes against Diners' purchase of a controlling interest in Eateries,Inc.,which causes Diners to suffer a loss.
Correct Answer:

Verified
Correct Answer:
Verified
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