BUSI 2601 Chapter Notes - Chapter 7: Fiduciary
3 Apr 2018
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Crowd funding issues (box on page 365- only in 6th) Canadian aero service in box on page 376 in 5th and 388 in 6th. Historical context: the supreme courts decision in this case is the leading analysis of the principles underlying the corporate opportunity doctrine in canada. Cas: the president and vice-president has been negotiating to win an aerial mapping contract in. Subsequently, both officers left cas and set up their own compmnau, terra surveys limited. Terra began to pursue the very same line of work as cas and successfully big on the aerial mapping contract in guyana. Cas brought an action against terra and its former executives for improperly taki(cid:374)g cas"s corporate opportu(cid:374)ity. Resolution: the former executives where held liable to account to cas for the profits they made under the contract. They had breached their fiduciary duties by taking something that belonged to the corporation. Chart 16. 2, page 382 in 5th and 393 in 6th.
