Individual interest may be sacrificed to the economic exigencies of the enterprise and judgment of the directors must prevail.
No more damage should come to the minority shareholders or individual shareholder than is absolutely necessary for protecting the benefit to the company.
Sidebottom v. Kershaw, Lease & Co is the leading case on this issue.
All of above are correct
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The Correct Option isD
Solution and Explanation
The correct answer is option (D):All of above are correct.