e land itself o nduri, is \"\'\'ght t o ro orto land owned by another and tak po
ID: 382780 • Letter: E
Question
e land itself o nduri, is "''ght t o ro orto land owned by another and tak poduct of the Iand 20, A e away some part of the land in ei mar les of aency notmally do not apply to the employment of corporate officers 22, A ''allee never hnanght 'o "se the bailed property The owner of n fee simple absolute has the right to use property f for whatever purpose he or she sees fit. corporate sharcholders are personally liable for the obligations of the corporation 25, One requirement of a valid gift is acceptance by the donee. 2 In a fee simple absolute, the owner has the greatest aggregation o 27 A director must make a full disclosure of any potential conflict of interest that m 2, Officers hire the directors and other executive employees. 29, When a corporation earns profits, it must distribute them to shareholders 30. Persons who share ownership rights simultaneously are life tenants 31. A license is the revocable right of a person to come onto another person's land. 32. A corporation is referred to as a domestic corporation by its home state f rights, privileges, and power any corporate transaction If property is owned as community property, a spouse owns an undivided one-half interest in 34. Directors are entitled to use confidential corporate information for their personal advantage 33. 35. A director does not need to disclose any conflict of interest be ore woting on a proposed transaction. 36. In most states, a director cannot be removed without cause unless shareholders have Multiple Choice Identify the choice that best completes the statement or answers the question 37. Gillian is a director of Fizzy Soda Company. As a director, Gillin can act as an agent to bind Fizry a. to any contract that represents a corporate opportunity b. to any contract in which Fizzy does not have a conflict of interest. c. in no circumstances. d. in all circumstances.Explanation / Answer
A director is the direct agent representative of company. he can take any decision that will yield best results for the company. But sometimes these decisions cannot work as they ought to be and incur losses to the company. But that probability cannot prohibit a director to take any decisions.
Thus, as a director Gillian can bind the company in a contract in all the circumstances. However, this decision should be made in the good faith.
Hence, option d is the right answer.
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