Guth v. Loft

Synopsis
http://harvardbusinessonline.hbsp.harvard.edu/b02/en/common/item_detail.jhtml?id=306015
Authors: Paine, Lynn S.; Bruner, Christopher M.
Source: Harvard Business School Publishing
Year: 2005

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Abstract:

Provides a brief overview of the Supreme Court of Delaware's opinion in the 1939 case of Guth v. Loft, a widely cited application of the "corporate opportunity doctrine." Explores the corporate law principles regulating when a corporate manager can or cannot take advantage of a business opportunity relating to the corporation's business, in light of the manager's fiduciary duties.> Faculty: Login to access an inspection copy of this note.



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