Welcome back to the Bar Exam Toolbox podcast! In today's episode, we're talking about the duty of loyalty owed by directors and officers of a corporation, and the main types of conduct they are prohibited from engaging in.

In this episode, we discuss:

A review of the rule for duty of loyalty
The four types of prohibited conduct when the officer's interest is placed before that of the corporation
The situations in which a conflict of interest occurs
Usurpation of a corporate opportunity
Other topics that duty of loyalty is often tested with
Analyzing three hypos from California bar exam essays involving duty of loyalty

Resources:

Download the Transcript
(https://barexamtoolbox.com/episode-124-listen-and-learn-duty-of-loyalty-corporations/)

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Thanks for listening!

Alison & Lee

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Episode description

124: Listen and Learn -- Duty of Loyalty (Corporations)

Episode description