Question: Derek, Min, and Tarina operate a golf course using a corporation, although the corporation s articles do not restrict the business the corporation may carry
Derek, Min, and Tarina operate a golf course using a corporation, although the corporations articles do not restrict the business the corporation may carry on Derek has learned about a property with large potential for gold mining. Without the knowledge of Min and Tarina, Derek invests excess funds of the corporation in the property and sets up a gold mining business. When the gold business begins to make profits, Derek claims the profits for himself. These investments in no way interfered with the corporations operations, and the funds taken have been replaced. If the corporation was to sue Derek, what would be its preferred remedy?
A specific performance order to force Derek to perform according to his duties as a director.
An injunction to stop Derek from breaching his duties as a director.
All the profits of the gold business.
Imprisonment of Derek.
An estimate of the damages incurred by the gold mining business.
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