Knox, president of Quick Corp., contracted with Tine Office Supplies, Inc. to supply Quick's stationery on customary terms and at a cost less than that charged by any other supplier. Knox later informed Quick's board of directors that Knox was a majority stockholder in Tine. Quick's contract with Tine is:
a. Void because the disclosure was made after execution of the contract.
b. Valid because the contract is fair to Quick.
c. Valid because of Knox's full disclosure.
d. Void because of Knox's self-dealing.
Answer: B