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To: Associate Attorneys
From: David Krull
RE: Interested Director
Dear Associate Attorneys
One of our clients is Snike Inc. Snikes Chairman & CEO Betty Baus has contacted us about a situation involving one of the Snikes Directors of the Board Denny Downs. Ms. Baus reports that recently Snikes Board of Directors unanimously agreed to the process of purchasing a new manufacturing facility for producing the Company’s merchandise. Shortly after this decision one of the directors – Denny Downs – purchased a facility that would meet Snike’s needs.
Please readSanders v. E-Z Park which is located in the Week 3: Case Brief Module on Canvas.In readingSanders v. E-Z Park please attempt to determinewhether an action by a interested director voids an action by a corporation’s board of directors?If you do a good job Snike might give us some more business!!!
For theUNDERpart of your Issue Statement please write it as follows:UNDERthe Duty of LoyaltyIS…WHEN…
Once you have watched the lecture and readSanders v. E-Z Park please write a one-page Case Brief onSanders v. E-Z Park following the Directions and Grading Rubric below.
This assignment is worth 20 points toward your final grade.
Directions:
No late submissions will be allowed!
Grading Rubric: