Agricorp Corp. is an agribusiness: it owns and operates many large farms. It has 5 directors, including Alice Adams, who is the Chairman of the Board and CEO. Adams learns of an opportunity to purchase a large farm in Indiana. Adams and two of the other directors decide to buy the Indiana farm for themselves. Assume that this constitutes self-dealing in violation of the duty of loyalty. A shareholder wants to sue. Is this a direct or derivative lawsuit?Explain

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In this scenario if a shareholder wants to sue Agricorp Corp and its directors for selfdealing in vi... View the full answer