Multiple Choice
Which of the following is a legal assumption that prevents juries from second-guessing decisions made by directors,unless they are proven to act with bad faith?
A) Business judgment rule
B) Conjecture
C) Exclusionary rule
D) Corporation by estoppel
E) "Value of consideration" rule
Correct Answer:
Verified
Correct Answer:
Verified
Q94: The only difference between an S corporation
Q95: The value of a withdrawing partners share
Q96: A corporation is a legal entity chartered
Q97: Entities that receive "501C)3)status are prohibited from
Q98: Which of the following is a disadvantage
Q100: Venture capital firms identify promising start-ups and
Q101: In effect,there is no creation cost or
Q102: The U.S.Supreme Court has recognized First Amendment
Q103: _ is the liability of landowners and
Q104: Most corporations incorporate where their principal place