Author Question: The business judgment rule: a. is applied when directors of a corporation act negligently b. ... (Read 94 times)

evelyn o bentley · **on:** Jun 24, 2018

The business judgment rule:
a. is applied when directors of a corporation act negligently
b. protects directors and managers of a corporation who have made honest mistakes in judgment c. is used by courts to impose strict liability on directors and managers when violated
d. protects directors and managers of a corporation who have made honest mistakes in judgment and is used by courts to impose strict liability on directors and managers when violated
e. none of the other choices

Question 2

The FTC may prosecute companies that solicit investments for things such as phony oil and gas wells.
a. True
b. False
Indicate whether the statement is true or false