Business, 17.12.2019 06:31 punkieladie

Tonya is the president of big corporation. big corporation is looking for land on which to build a new facility. tonya locates suitable land, but plans to purchase it herself with plans to sell it at a profit at a later date. rick, the majority shareholder of big corporation hears about tonya's plan and complains to her about it. she tells rick that she viewed the land on her own time and that she did not breach any duties owed to the corporation. rick tells her that she should reconsider and that he plans to discuss the matter with the rest of the board. what is the line-of-business test used in determining whether an opportunity belongs to a corporation? did tonya breach a duty owed to the corporation, or was she free to proceed as she saw fit on her own time, and why or why not?

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Tonya is the president of big corporation. big corporation is looking for land on which to build a n...

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