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Ashorn Ashorn
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6 years ago
Megacorp Ltd. is a large private Ontario construction company in which Albert, John, and Michael are the shareholders and George, Mary, and Sam are the directors. Recently, Albert and John started up a building supplies business, which now has a contract to provide building supplies to Megacorp Ltd. However, Michael objects to this. In this situation,
a. Michael is not correct in objecting because Albert and John have no fiduciary duty to Megacorp Ltd.
b. Michael is correct in objecting because Albert and John are shareholders in Megacorp Ltd.
c. Michael is correct in objecting because Albert and John have a fiduciary duty to Megacorp Ltd.
d. Michael is not correct in objecting because Albert and John have a duty of good faith to Megacorp Ltd.
e. none of the above
Textbook 
The Law and Business Administration in Canada

The Law and Business Administration in Canada


Edition: 14th
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MiY4GiMiY4Gi
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