At Westonci.ca, we make it easy for you to get the answers you need from a community of knowledgeable individuals. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.

Genna is a director of Fab Stuff Corporation. Without informing Fab, Genna starts up Evertrendy, Inc., to compete with Fab. Genna is liable for breach of

Sagot :

Genna is liable for breach of the duty of loyalty as Without informing Fab, Genna starts up Evertrendy, Inc., to compete with Fab.

What is the meaning of duty of loyalty?

The duty of loyalty represents the principle that directors and officers of a corporation must act without personal economic conflict.

When making decisions in their capacities as corporate fiduciaries.One of the two primary fiduciary duties that a company's directors must fulfill is the duty of loyalty.

Thus, it is a duty of loyalty.

For more details about duty of loyalty, click here:

https://brainly.com/question/27226605

#SPJ1

Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.