From Wikipedia, the free encyclopedia. The corporate opportunity doctrine is the legal principle providing that directors, officers, and controlling shareholders of a corporation must not take for themselves any business opportunity that could benefit the corporation. The corporate opportunity doctrine is one application of the fiduciary duty of loyalty.
In a milestone in the settlement of the American West, President Abraham Lincoln signs into law the Homestead Act, a program designed to grant public land to small farmers at low cost.
From 1862 to 1900, over 600,000 families took the government up on this offer. The Homestead Act was one of the largest attractions for families looking to settle in the West. Government offers such as the land grant to the railroads and the Homestead Act greatly aided in the settlement of the Great Plains.Without them, it is doubtful that the Great Plains would have been inhabited so quickly.overnment offers such as the land grant to the railroads and the Homestead Act greatly aided in the settlement of the Great Plains. Without them, it is doubtful that the Great Plains would have been inhabited so quickly.