ND Bar Practice Questions - North Dakota Bar Examination Exam

Access More Questions

A director of a corporation learns of a lucrative business opportunity that falls within the corporation's line of business and is something the corporation could pursue. He takes it personally without disclosing it to the board. He has most likely breached:

The duty of care only The duty of loyalty, under the corporate opportunity doctrine No duty, because directors may freely compete The implied warranty of merchantability

Correct Answer:

The duty of loyalty, under the corporate opportunity doctrine

Access more questions from this quiz

Continue to ND Bar Practice Questions - North Dakota Bar Examination Exam for more practice questions and the full quiz experience.

Access More Questions