Would the fairness rule or the business judgment rule

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Keith Harris, a shareholder of Fastway Airlines, Inc., discovered that Donald Fleure, chief executive officer of Fastway, had sold some of his own land to the corporation at what Harris believed to be excessive prices. Can Harris bring a direct or a derivative suit in this situation? Explain. Would the fairness rule or the business judgment rule be used to evaluate the activities of Fleure? Explain.

Reference no: EM132098392

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