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/)

If you enjoy the podcast, we'd love a nice review and/or rating on Apple Podcasts (https://itunes.apple.com/us/podcast/bar-exam-toolbox-podcast-pass-bar-exam-less-stress/id1370651486) or your favorite listening app. And feel free to reach out to us directly. You can always reach us via the contact form on the Bar Exam Toolbox website (https://barexamtoolbox.com/contact-us/). Finally, if you don't want to miss anything, you can sign up for podcast updates (https://barexamtoolbox.com/get-bar-exam-toolbox-podcast-updates/)!

Thanks for listening!

Alison & Lee

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

The Bar Exam Toolbox Podcast: Pass the Bar Exam with Less Stress