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Outline
Director
self-dealing transactions
- definition and
dangers of self-dealing
- director on
two sides of transaction with corporation
- director
predictably prefers self-interest
- balance
- director
prefers own over corporate interests
- director
provides corporation additional flexibility
- standards of
judicial review
- flat
prohibition
- shareholder
ratification or approval
- disinterested
director validation
- fairness
review
- effect of non-voidability
legislation
- rescission
remedy: transaction voidable by corporation
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Daily
Thoughts
Things You
Really Don't Need To Know:
- No word
in the English language rhymes with month.
- On average,
people fear spiders more than they do death.
- One of the
reasons marijuana is illegal today is because cotton growers
in the 1930's lobbiedagainst hemp farmers-they saw it as
competition.
- Our eyes are
always the same size from birth, but our nose and ears never
stop growing.
- Right-handed
people live, on average, nine years longer than left-handed
people do.
- Shakespeare
invented the words 'assassination' and 'bump'.
- Some lions
mate over 50 times a day.
- Stewardesses
is the longest word typed with only the left hand.
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