Helen works as the vice president of Gotspeed Corporation, a company that develo

Question

Helen works as the vice president of Gotspeed Corporation, a company that develops and sells sports shoes. Nestor, a home-based shoemaker, meets Helen privately in order to present a model for a more cost-efficient and durable shoe. Instead of taking the idea to Gotspeed's board of directors, Helen pays Nestor's asking price and purchases the Anklator model for herself. Helen leaves Gotspeed Corporation and forms her own company that manufactures and markets the Anklator shoe models. What breach of the duty of loyalty has Helen committed here?

A) piercing the corporate veil

B) usurping a corporate opportunity

C) breaching the business judgment rule

D) denial of right to first refusal

Explanation / Answer

B)usurping a corporate opportunity

Is the correct option in this case.

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