California State Beach Market Check from Business Perspective Questions

Part – 1

What is a “market check”? What is the usefulness — from either a legal or a business perspective — of conducting a market check? (Atleast 200 words)

Part – 2

After reading Cheff v. Mathes, please answer the following questions:

1. What is the standard of review that the Delaware Supreme Court used to evaluate the validity of the board’s decision in the principal case?

2. In what sense do the facts of the principal case give rise to a conflict of interest?

3. What is the legal relevance of Mrs. Cheff’s expressed willingness to spend her own personal funds to buy out Maremont’s stock in Holland Furnace?

References APA only; No Plagiarism.