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 283 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?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

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

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Effect of extracellular osmolarity on water movement across a plasma membrane Effect of extracellular osmolarity on water movement across a plasma membrane
The effect of a double bond on the shape of fatty acids The effect of a double bond on the shape of fatty acids
Drugs and their effect table Drugs and their effect table
Direction: Right-Hand Rule Direction: Right-Hand Rule
How to use L’Hospital’s Rule to find the limit of a function (Part 3) How to use L’Hospital’s Rule to find the limit of a function (Part 3)
Find derivative using chain rule Find derivative using chain rule
Video: Non-specific disease resistance mechanisms & Skin's defense barriers

For a complete list of videos, visit our video library