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bigcaat bigcaat
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7 years ago
John, the controlling shareholder of a large national company, elected Allan, Edward, and Mary as its directors. John has just heard of a venture that may or may not be beneficial to the company, but using his power as controlling shareholder, wants to go ahead with it and tells the three directors to approve it, which they do. It then turns out that the venture does more harm than good to the company. In this case,
a. John owes no fiduciary duty to the corporation.
b. John owes no duty to account to the corporation.
c. John owes no duty to the corporation.
d. John owes no duty of care to the corporation.
e. all of the above
Textbook 
The Law and Business Administration in Canada

The Law and Business Administration in Canada


Edition: 14th
Authors:
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AlexStanfordAlexStanford
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7 years ago
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bigcaat Author
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7 years ago
Good timing, thanks!
macbookpro1
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Yesterday
Thank you, thank you, thank you!
nsak
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2 hours ago
This helped my grade so much Perfect
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