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Ashorn Ashorn
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7 years ago
Use the fact situation in Q1 to answer the related question that follows.
In this situation, assuming that Multi Corp Ltd. brought the lawsuit, at common law, the best argument that A, B, and C would have is that
a. they have not breached the duty of good faith owed to the shareholders of Multi Corp Ltd.
b. they have not committed a breach of fiduciary duty owed to Multi Corp Ltd.
c. they have not committed a breach of fiduciary duty owed to the shareholders of Multi Corp Ltd.
d. the business judgment rule applies and they are not liable.
e. the due diligence rules do not apply at common law.
Textbook 
The Law and Business Administration in Canada

The Law and Business Administration in Canada


Edition: 14th
Authors:
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Existence87Existence87
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Ashorn Author
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6 years ago
Thanks!
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