The following are two statements concerning a fiduciary duty in a corporation. I. Officers and directors of a corporation owe a fiduciary duty to that corporation. II. Majority shareholders of a corporation can owe a fiduciary duty to the minority shareholders. Which of the statements is (are) correct?

The following are two statements concerning a fiduciary duty in a corporation. I. Officers and directors of a corporation owe a fiduciary duty to that corporation. II. Majority shareholders of a corporation can owe a fiduciary duty to the minority shareholders. Which of the statements is (are) correct?

The following are two statements concerning a fiduciary duty in a corporation.
I. Officers and directors of a corporation owe a fiduciary duty to that corporation.
II. Majority shareholders of a corporation can owe a fiduciary duty to the minority shareholders.
Which of the statements is (are) correct?





a. I only.
b. II only.
c. Both I and II.
d. Neither I nor II.


Answer: c


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