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Discuss agent of phishy pharmaceuticals

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Reference no: EM131621807

Primary Task Response: Write 400- 600 words that respond to the following questions with your thoughts, ideas, and comments. Be substantive and clear, and use examples to reinforce your ideas.

Part 1

Not only do corporations have responsibly to their customers, but their corporate officers or directors owe fiduciary duties to their corporation and its stockholders. Corporate officers, such as a chief executive officer, president, chief financial officer, treasurer, corporate secretary, and so on are agents and carry out the daily operations of a corporation.

You are Phishy Pharmaceuticals' CEO, and therefore an agent of Phishy Pharmaceuticals. As CEO (agent), what fiduciary duties do you owe the corporation (principal)?

Part 2 labeled "FOR" and "AGAINST"

Complete the following:

Review the fiduciary duties owed by an agent to the principal.

Choose a fiduciary duty, and complete the following: Provide an argument that supports your decision to leave the diet pill on the shelf.

Reference no: EM131621807

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