This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is the effect of the business judgment rule regarding the liability of ... (Read 213 times)

cherise1989

  • Hero Member
  • *****
  • Posts: 555
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jessicaduplan

  • Sr. Member
  • ****
  • Posts: 337
Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

TRUE


cherise1989

  • Hero Member
  • *****
  • Posts: 555
Reply #2 on: Jun 24, 2018
Correct answers!


jessicaduplan

  • Sr. Member
  • ****
  • Posts: 337
Reply #3 on: Jun 24, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

The greenhouse effect. The greenhouse effect.
Rule of Nine for burns. Rule of Nine for burns.
Some Hall-effect sensors look like magnetic sensors. This Hall-effect camshaft reference sensor and ... Some Hall-effect sensors look like magnetic sensors. This Hall-effect camshaft reference sensor and ...
The Greenhouse Effect: Influences on Temperature The Greenhouse Effect: Influences on Temperature
Using the Power Rule for Derivatives Using the Power Rule for Derivatives
Find derivative using quotient rule Find derivative using quotient rule
Video: A Human Karyotype Preparation Animation

For a complete list of videos, visit our video library