Multiple Choice
The __________ rule allows management immunity from liability for corporate acts where there is a reasonable indication that the acts were made in good faith and with due care.
A) sovereign immunity
B) business judgment
C) reasonable director
D) good faith
Correct Answer:
Verified
Correct Answer:
Verified
Q29: Application of the business judgment rule to
Q30: Shareholder control is generally limited to voting
Q31: Eligibility for membership on a board of
Q32: Under the Dodd-Frank Act's "say-on-pay" rule, public
Q33: Shareholders indirectly determine the management policies of
Q35: When a meeting opens with a quorum,
Q36: Corporations may _ officers, directors, employees, and
Q37: The president of a business corporation does
Q38: Generally, a President of a corporation does
Q39: All of the directors of the XYZ