Disloyalty

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1. For Section 33’s ratification threshold, what is the denominator?
2. An officer, not a director, is confidentially entrusted with acquiring a business asset and takes an adverse personal i…
3. A director’s Section 33 act is purportedly ratified by holders of sixty percent of all outstanding shares, even though …
4. A trustee of a nonstock corporation is entrusted in confidence with negotiating acquisition of an asset for its lawful …
5. A director has obtained profits through a proven Section 33 diversion. There are 900 outstanding voting shares, and hol…
6. An officer entrusted with acquiring an asset appropriates an adverse interest and profits that otherwise would accrue t…
7. A Section 33 ratification obtains sixty percent of outstanding stock and seventy-five percent of the stock present. Whi…
8. A nonstock trustee invokes the absence of dividends as a defense to accounting for profits captured through a confident…