Author Question: How does the business judgment rule apply to HOA boards? A) It provides liability protection if the ... (Read 260 times)

pragya sharda · **on:** Jun 24, 2018

How does the business judgment rule apply to HOA boards?
A) It provides liability protection if the board follows its processes
B) The board members are exempt from liability
C) The board must always have external advisers to protect itself from liability
D) The business judgment rule does not apply to HOA board

Question 2

A preincorporation subscription to stock is generally treated as an agreement to buy the stock when the corporation is formed.
Indicate whether the statement is true or false