Dealings Between Corporations with Interlocking Directors

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1. Under RCC section 32, is a contract between corporations necessarily invalid solely because they have interlocking dire…
2. For section 32's substantial-stockholding rule, which threshold is expressly stated?
3. What contract standard accompanies section 32's rule against invalidation merely because directors interlock?
4. An interlocking director holds 35 percent of Corporation A and a merely nominal interest in Corporation B. Under sectio…
5. A director holds exactly 20 percent of a corporation's outstanding capital stock. A student says this necessarily falls…
6. Corporations A and B share a director. Both boards properly approve a commercially fair supply agreement, no fraud is i…
7. A director holds 45 percent of A and a merely nominal interest in B. A contract between them is approved in B only beca…
8. Explain why RCC section 32 neither automatically invalidates nor automatically validates every contract between corpora…
9. A common director owns 30 percent of Corporation A and a merely nominal interest in B. Explain section 32's substantial…
10. An ordinary corporation on the nominal-interest side of a section 32 transaction finds that the common director's prese…
11. What denominator does Section 32 use for its express substantial-stockholding threshold?
12. Does Section 32’s anti-invalidation rule expressly except cases of fraud?