What does the business judgment rule mean? Investors are expected to exercise good judgment when making business
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What does the business judgment rule mean?
Investors are expected to exercise good judgment when making business decisions.
Managers of a corporation cannot be sued for losing money as long as their decisions were made in good faith.
Only a judge can rule when a corporation is sued, not a jury.
Organizations are treated as individuals.
Related Book For
Business Law With UCC Applications
ISBN: 9780073524955
13th Edition
Authors: Gordon Brown, Paul Sukys
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