Loring and jenkins were officers in smithson inc a publicly


Question: Loring and Jenkins were officers in Smithson, Inc., a publicly held corporation. They learned of a building for sale that would have benefited the corporation, but they instead bought it for themselves so they could rent it for a huge profit. Would a court invalidate this transaction? On what grounds?

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Management Theories: Loring and jenkins were officers in smithson inc a publicly
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