Corporation is planning on entering a long-term contract with Supplier. Officer (an officer of Corporation) learns that the products provided by Supplier can be provided at a lower cost per unit by Competitor. Officer: Question 4 options: 

a) has a conflict of interest relevant to a transaction before the board, and must disclose it. 

b) has material facts relevant to a transaction before the board, and must disclose them. 

c) has material facts relevant to a transaction before the board and, because Officer is disinterested in the transaction, need not disclose them. 

d) has material facts relevant to a transaction before the board and, because Officer is interested in the transaction, must disclose them

Answer rating: 100% (QA)

The detailed answer for the above question is provided below ... View the full answer