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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
Even More Things You Really Don't Need To
Know:
- The ant always falls over on its right
side when intoxicated.
- The cruise liner, Queen Elizabeth 2, moves
only six inches for each gallon of diesel that it burns.
- The electric chair was invented by a
dentist.
- The human heart creates enough pressure
when it pumps out to the body to squirt blood 30 feet.
- The male praying mantis cannot copulate
while its head is attached to its body. The female initiates
sex by ripping the male's head off.
- The name Wendy was made up for the book
'Peter Pan'. The strongest muscle in the body is the
tongue.
- The words racecar and kayak are the same
whether they are read left to right or right to left.
- Women blink nearly twice as much as men.
(guess they miss more...)
- You are more likely to be killed by a
Champagne cork than by a poisonous spider.
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