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Todd is a director and officer of United Sales, Inc. Todd makes a marketing decision that results in a dramatic decrease in profits for United and...

Todd is a director and officer of United Sales, Inc. Todd makes a marketing decision that results in a dramatic decrease in profits for United and its shareholders. The shareholders accuse Todd of breaching his fiduciary duty to the corporation.

What is Todd’s best defense against this accusation?

Later, a resolution comes before the United board to compete with VeriFine Products, Inc. Todd is a director and shareholder of Verifine.

What is Todd’s responsibility in this situation?

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