This topic contains a solution. Click here to go to the answer

Author Question: Which of the following is the effect of the business judgment rule regarding the liability of ... (Read 243 times)

cherise1989

  • Hero Member
  • *****
  • Posts: 555
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
Answer to Question 1

A

Answer to Question 2

TRUE





 

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Tobacco depletes the body of vitamins A, C, and E, which can result in any of the following: dry hair, dry skin, dry eyes, poor growth, night blindness, abscesses, insomnia, fatigue, reproductive system problems, sinusitis, pneumonia, frequent respiratory problems, skin disorders, weight loss, rickets, osteomalacia, nervousness, muscle spasms, leg cramps, extremity numbness, bone malformations, decayed teeth, difficulty in walking, irritability, restlessness, profuse sweating, increased uric acid (gout), joint damage, damaged red blood cells, destruction of nerves, infertility, miscarriage, and many types of cancer.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

For a complete list of videos, visit our video library