Author Question: The __________ rule allows management immunity from liability for corporate acts where there is a ... (Read 70 times)

Metfan725

  • Hero Member
  • *****
  • Posts: 552
The __________ rule allows management immunity from liability for corporate acts where there is a reasonable indication that the acts were made in good faith and with due care.
 A) sovereign immunity
 B) business judgment
 C) reasonable director
 D) good faith

Question 2

Which of the following is an incorrect statement about directors?
 A) Their eligibility requirements may be found in the bylaws.
 B) Bylaws may require that directors be shareholders in the corporation.
 C) The board of directors has authority to manage the corporation.
 D) Courts will interfere with the board's discretion when they disagree with its actions.



bpool94

  • Sr. Member
  • ****
  • Posts: 354
Answer to Question 1

B

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

For a complete list of videos, visit our video library