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.
Challenges for Homesteaders. Homesteaders was the nickname given to those who took advantage of the free land under the Homestead Act. Daniel Freeman was one of the first homesteaders when he filed a claim on January 1, 1863.