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Guth v. Loft: Synopsis

By: Lynn S. Paine and Christopher Bruner
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  • | Pages:2
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Abstract

Provides a brief overview of the Supreme Court of Delaware's opinion in the 1939 case of Guth v. Loft, a widely cited application of the "corporate opportunity doctrine." Explores the corporate law principles regulating when a corporate manager can or cannot take advantage of a business opportunity relating to the corporation's business, in light of the manager's fiduciary duties.

Keywords

Courts and Trials; Lawfulness; Management; Opportunities

Citation

Paine, Lynn S., and Christopher Bruner. "Guth v. Loft: Synopsis." Harvard Business School Background Note 306-015, July 2005.

About The Author

Lynn S. Paine

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