corporate opportunity doctrine
C2CEFR level
92/100Rarity: very rare
TechnicalRegister
The rule barring a fiduciary from diverting to personal gain a business chance that rightly belonged to the company.
He steered the acquisition into his own vehicle, and the corporate opportunity doctrine handed the resulting profits straight back to the firm.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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