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pirex pirex
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Posts: 634
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6 years ago
A director is considering buying a car for the corporation from a car dealership that is owned by his brother. To be absolutely safe, what should the director do before making the purchase?

a.   nothing, the corporation will be paying full price for the car, and the brother is not making any concession for the director
b.   disclose the director’s relationship with the seller, and have the purchase approved by the shareholders
c.   disclose the director’s relationship with the seller, and have the purchase approved by the independent directors on the board
d.   have his brother make a statutory declaration that the car was sold at fair market value
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
Read 651 times
1 Reply
And if you call, I will answer
And if you fall, I'll pick you up
And if you court this disaster
I'll point you home
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rulamanrulaman
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#1
Posts: 222
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6 years ago
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pirex Author
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6 years ago
This helped my grade so much Perfect
aricketts6@
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Yesterday
Thanks for your help!!
mmmm_dat_userna
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2 hours ago
Thank you, thank you, thank you!
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