Ray Rey, a director of Fish-R-Us, learns in his corporate capacity that a state-of-the art, deep-sea hydroplane fishing vessel is

Ray Rey, a director of Fish-R-Us, learns in his corporate capacity that a state-of-the art, deep-sea hydroplane fishing vessel is available for a bargain price. The purchase of this unique hydroplane may be a business opportunity from which the corporation could benefit. If Ray purchases the hydroplane for himself without giving the corporation the right of first refusal,

1. D. Ray has not breached his fiduciary duty because Fish-R-Us should have found out about the bargain vessel first.
2. A. Ray has made a profitable business decision for himself,
3. C. Ray has not usurped a corporate opportunity if he thinks Fish-R-Us would never consider purchasing the vessel.
4. B. Ray has breached a duty to the corporation

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