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.
The Homestead Act also gave former slaves a chance to own their own land, house, and farm. A free slave can have free land. However, a slave would continue to work for his master. However, the land was given to farmers at a very low cost, homesteading took land that had been cleared of Native Americans.he Homestead Act was a way for the pioneers to get land. The government said that any U.S. citizen who did not fight against the government could file an application to receive land.