Multiple Choice
The standard of due care requires that a director or officer
A) Act in good faith
B) Exercise the care that an ordinarily prudent person would in similar circumstances
C) Act in a way that is in the best interests of the corporation
D) All of these
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q6: The Securities Act of 1933:<br>A) Regulates the
Q48: The Securities and Exchange Act of 1934:<br>A)
Q49: As a result of Scott London's actions
Q50: In the case of SEC v. Halliburton
Q53: A student states that as long as
Q54: With respect to the director duty of
Q55: The legal term for the intent to
Q57: The business judgment rule applies to audit
Q66: The Restatement (Second) of Torts Approach:<br>A) Expands
Q74: The executives of McKesson and Robbins Pharmaceuticals