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- W24331817 abstract "In our discussion this morning we have been speaking specifically and particularly of conflicts of interests between an officer or key employee or director on the one hand and the corporation by which he is employed on the other. There, the basic test, as we have said, is that of loyalty. A closely related field is that of seizure of corporate opportunity. The areas frequently overlap, so that at times it may be said that there are questions both of seizure of corporate opportunity and conflict of interest in the same litigated case. In others, the courts at times perhaps have confused or mingled the two, where it only would have been necessary to decide the issue either as a seizure of corporate opportunity or as a conflict of interest. Obviously, the two present quite different legal concepts, though closely related. In seizure of corporate opportunity, we are talking about something belonging to the corporation. In conflict of interest, we address ourselves to a situation in which the individual's self interest is in conflict with that of his employer. From these few remarks it can be seen that obviously there will be factual situations where both a seizure of corporate opportunity and a conflict of interest well may exist in the same case." @default.
- W24331817 created "2016-06-24" @default.
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- W24331817 date "2016-01-01" @default.
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- W24331817 title "SEIZURE OF CORPORATE OPPORTUNITY" @default.
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