DC Bar Practice Questions - District Of Columbia Bar Examination Exam

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A director of a corporation learns of a business opportunity that falls within the corporation's line of business and would be of interest to it, but takes the opportunity personally without disclosing it to the board. The director has most likely breached which fiduciary duty?

The duty of care No duty, because directors may pursue any opportunity The duty of obedience The duty of loyalty under the corporate opportunity doctrine

Correct Answer:

The duty of loyalty under the corporate opportunity doctrine

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