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laila [671]
3 years ago
6

A director violates the corporate opportunity doctrine if he or she competes with the corporation, unless the disinterested dire

ctors approve of the director's actions.
1. True
2. False
Business
1 answer:
DIA [1.3K]3 years ago
8 0

The given statement " A director violates the corporate opportunity doctrine if he or she competes with the corporation, unless the disinterested directors approve of the director's actions " is TRUE

Explanation:

A business opportunity applies to any business opportunity that a client may gain.

The Corporate Opportunity law controls the moral responsibility of directors, managers and managing stockholders in an organisation, with loyalty responsibilities, not to misuse such incentives without first offering to the corporate board the right to reject the opportunity on behalf of the company.

When these actions are broken and a director of the company takes the chance, then the trustee has abused his obligation to be trustworthy and will be able to maintain a constructive trust with the proceeds arising from the incorrect transaction.

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<h3>What is market economy?</h3>

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8 0
2 years ago
On January 1, Year 1, Boyd Corporation accepts a $10,000 three-month, nine percent promissory note from one of its customers. To
mihalych1998 [28]

Answer:

The borrower records its receipt of cash and new liability with this entry

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6 0
3 years ago
Two methods of capital investment analysis that incorporate the time value of money are:______.
babymother [125]

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2- Discounted Cash Flow

With DCF analysis, the discount rate is typically the rate of return that's considered risk-free and represents the alternative investment of the project. The present value is the value of the expected cash flows in today's dollars by discounting or subtracting the discount rate. If the result or present value of the cash flows is greater than the rate of return from the discount rate, the investment is worth pursuing.

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5 0
1 year ago
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Answer:

A. To enable the government to calculate the bank's tax burden more easily

Explanation:

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8 0
3 years ago
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VikaD [51]
The answer is TRUE my guy
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