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Author Question: Explain the concept of the business judgment rule. What will be an ideal ... (Read 286 times)

hubes95

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on: Aug 3, 2018
Explain the concept of the business judgment rule.
 
  What will be an ideal response?

Question 2

In the federal court system, which court is the court of last resort?
 
  A) US District Court
  B) US Court of Federal Claims
  C) US Court of Appeals
  D) US Supreme Court


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shoemake

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Reply #1 on: Aug 3, 2018
Answer to Question 1

A director is not liable for loss if he or she adheres to the fiduciary standard of using the
judgment of the ordinarily prudent businessperson.

Answer to Question 2

D


hubes95

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Reply 2 on: Aug 3, 2018
Great answer, keep it coming :)

Animal_Goddess

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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