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Source Privileges Complete California Bar Exam Topic Index List Showing the closest available flashcard practice.
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0 tracked cards California Written Examination
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Question

After a business relationship breaks down, owners, managers, and outsiders dispute who is bound and who must pay. Directors approved a conflicted transaction after incomplete disclosure and shareholders challenged the injury classification. Another actor changed position after relying on the relevant statement, document, or official action. The parties disagree about the legal effect of those facts. Which analysis is most consistent with these facts?

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