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.
Rating Newest Oldest. Best Answer: After the passage of the Homestead Act in 1862, the federal government literally gave away land in the West for free; any pioneer willing to build on an unimproved western land claim was entitled to a 160-acre stake, at no cost, after five years of continuous occupation.