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A corporation is seeking expansion sites for its retail stores. A director learns through board materials that a prime site is available and leases it personally before telling the corporation.
Which statement best describes the corporate-opportunity issue?

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A director may always take an opportunity personally if the director can move faster than the corporation. A corporate opportunity doctrine applies only to opportunities involving real estate. A protected corporate opportunity can exist when the opportunity is in the corporation's line of business and the fiduciary learned of it through the corporate role. The doctrine applies only when the corporation is publicly traded.

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