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Author Question: Which of the following is the effect of the business judgment rule regarding the liability of ... (Read 245 times)

cherise1989

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on: Jun 24, 2018
Which of the following is the effect of the business judgment rule regarding the liability of officers and directors?
 A) Courts will not substitute their judgment for that of the board or an officer acting in good faith with due care.
  B) Officers and directors will never have liability for their decisions relating to the corporation.
  C) Officers and directors may have liability for bad faith decisions, but cannot be liable for failure to act.
  D) Directors and officers will not be held liable for conduct that is only negligent.

Question 2

A contract may condition the duty to accept and pay for the performance of the other party upon the approval of a third party.
  Indicate whether the statement is true or false


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jessicaduplan

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Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

TRUE


cherise1989

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Reply #2 on: Jun 24, 2018
Correct answers!


jessicaduplan

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Reply #3 on: Jun 24, 2018
Great! Please up vote :D


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