How does the business judgment rule apply to HOA boards? A) It ...

[pragya sharda]

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

[Tabitha_2016]

Answer to Question 1

A

Answer to Question 2

TRUE

[pragya sharda]

YES! Correct, THANKS for helping me on my review

[parshano]

Thanks for the timely response, appreciate it