Multiple Choice
An officer or director's responsibility to exercise ordinary care and prudence in discharging duties is the:
A) duty of good faith.
B) fiduciary duty.
C) duty of diligence.
D) duty of obedience.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q8: In most states, a corporation may, with
Q18: In 2005, the Revised Act was amended
Q59: a. Who selects the officers of a
Q94: Most states, as well as the Revised
Q97: If shareholders agree in writing to vote
Q98: With respect to the board of directors
Q99: The minimum number of board members necessary
Q101: A director may make business decisions in
Q102: The type of authority that arises from
Q104: The issuance of favorably priced shares to