Editing Business Associations
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Latest revision | Your text | ||
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*** Ms. Harris had the opportunity and did in fact purchase 2 parcels of land adjacent to the golf course, without 1<sup>st</sup> offering them to the golf course so that it can purchase them | *** Ms. Harris had the opportunity and did in fact purchase 2 parcels of land adjacent to the golf course, without 1<sup>st</sup> offering them to the golf course so that it can purchase them | ||
*** Delaware Line of Business Test '' | *** Delaware Line of Business Test ''Guth v. Loft, Inc. '' | ||
**** Could the Corporation pursue opportunity if presented? | **** Could the Corporation pursue opportunity if presented? | ||
**** Does the transaction involve the same line of business? Would the director put it in direct competition with its own corporation? | **** Does the transaction involve the same line of business? Would the director put it in direct competition with its own corporation? | ||
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**** Too Vague – What is fair? | **** Too Vague – What is fair? | ||
*** Adopted ALI § 5.05 | *** Adopted ALI § 5.05 | ||
**** Won due to statute of limitations | **** Won due to statute of limitations | ||
=====Entrenchment Activities===== | =====Entrenchment Activities===== |