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Question
A promoter owes a fiduciary duty to the corporation and to its prospective investors. This implies that:
A. a promoter is an agent of the prospective corporation.
B. prospective investors in the business can control actions of a promoter.
C. a promoter may engage in intrinsically fair transactions with the corporation.
D. a promoter is an agent of the prospective investors in the business.
Answer
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Related questions
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C. $20,000 fine and five years' imprisonment.
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Q:
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