Quiz 5 help

[Amanda Korbutiak]

 Hey!

I'm trying to get quiz 5 outta the way so I can start my review since I remember nothing from modules 1-8 lol but I'm kinda stuck on this question, thoughts? Thanks!!

TV Network is negotiating a contract with Indie Productions for Indie to produce a new television cooking series that TV would broadcast. The negotiations fail because TV is not ready to meet Indie’s asking price to produce the series. Albert resigns his position as president of Indie and forms a new corporation, New Co. New Co. successfully negotiates a contract with TV to produce a new television cooking show. Which of the following statements is correct? Answer

		Albert has no duty of fiduciary duty to Indie Productions once he resigns from Indie.
		New Co. has a fiduciary duty to Indie.
		Albert has a fiduciary duty to Indie, but it does not apply in this case because negotiations between Indie and TV Network had failed.
		Albert has a fiduciary duty to Indie which survives his resignation from Indie.

[mper...@gmail.com]

I believe it would be the 4th option.

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From: Amanda Korbutiak <atit...@gmail.com>

Sender: lw1-s...@googlegroups.com

Date: Thu, 9 Aug 2012 22:09:52 -0500

To: <lw1-s...@googlegroups.com>

ReplyTo: lw1-s...@googlegroups.com

Subject: {LW1 Summer} Quiz 5 help

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[Mary Zhu]

I think it is 4.

 

Mary

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[Lroberts14]

I think it's option 4.


Sent from Samsung Mobile

[Amanda Titley]

Thank you each of you! I was thinking option 4 but then the famous CGA doubt set in and I started second guessing myself. lol 

~Amanda

Sent from my iPhone

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