Multiple Choice
Roy, a director of Service & Sales Corporation, does not attend a board meeting for three years. During that time, Terry, the firm's president, makes improper loans that cost the company $10 million. Roy is most likely liable for breach of
A) the business judgment rule.
B) the duty of care.
C) the duty of loyalty.
D) none of the choices.
Correct Answer:

Verified
Correct Answer:
Verified
Q5: Doris wants to form a new firm-eBeats-to
Q49: Not all directors have a right to
Q50: Corporate directors and officers are insurers of
Q51: Stocks represent the borrowing of funds by
Q52: Wings2Go Corporation fails to hold an organizational
Q55: In corporate law, acts of a corporation
Q56: Nina is a director of Outback Outfitters,
Q57: Blair and Chanel are holders of common
Q58: Every shareholder is entitled to examine specified
Q59: A corporation cannot be formed for purposes