Answer:
Fiduciary Duty
1. The two main duties of company directors and top managers are the duty of care and the fiduciary duty of loyalty. The fiduciary duty of loyalty requires that managers act in the best economic interest of the company without engaging in activities that give rise to personal economic conflict.
2. Gaffney did not act ethically in this case. He did not avoid conflict of interest as an officer of Chelsea Corporation.
3. Gaffney and his partners clearly breached their fiduciary duty of loyalty. Within the two years of their employment at Ideal Tape Company, they acted in their personal interest. They were using company resources to conduct researches, setting up a rival company to compete with Ideal.
Explanation:
When a fiduciary duty of loyalty is breached, the corporation can damages. The court will usually base the damages on the salaries of the officer who breached his fiduciary duty within the application period.
The department store carrying whoo is named SASA
Based on the information given the transaction will be recorded T-accounts as: Debit Cash; credit Common stock.
T-accounts:
Since $1,000 was invested in the business in exchange for common stock which means that we are going to debit cash with the amount of $1,000 and credit common stock with the amount of $1,000.
Hence, the T-account will show:
Debit Cash $1,000
Credit Common stock $1,000
Inconclusion the transaction will be recorded T-accounts as: Debit Cash; credit Common stock.
Learn more about T-account here:brainly.com/question/14279491
B. false because over years with acceptance with racial and ethnic groups being able to join labor forces its being widely accept.
<span>It is letter B., Federal Student Loan. This type of loans are offered by the federal government to students who are looking for means for their higher education costs or tuition fees. The Fed sets a maximum, but the lowest interest rates and charged fees to this type of loan.</span><span />
