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10th Edition
ISBN: 9781337605656
Author: CROSS
Publisher: CENGAGE L
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Chapter 18, Problem 2BS
Summary Introduction
Case summary: Person W is the owner of company WC and is also a board of directors of the company WC. Company OC is negotiating with company WC for renovation of the headquarters. W previously disclosed about his personal interest in incorporating the construction company to two of the other directors. The company approves of the contract by three-to-two votes with W voting with majority.
To find: The extent to which the contract is binding on the corporation.
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