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Question
Chip is a director of Diners Restaurants, Inc. Chip would breach his duty of loyalty if hea. becomes a director of Fluffy Mattresses, Inc., a noncompeting firm.
b. buys a controlling interest in Gulpin" Foods Corporation, a competing firm.
c. votes for Diners to buy a controlling interest in Eateries, Inc., which causes Diners to suffer a loss.
d. votes against Diners' purchase of a controlling interest in Eateries, Inc., which causes Diners to suffer a loss.
Answer
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