(a) Do directors of a corporation in the zone of insolvency owe a fiduciary duty to creditors?...

Question:

(a) Do directors of a in the zone of insolvency owe a fiduciary duty to creditors?
(b) Under what circumstances will the business judgment rule protect directors from personal liability for an alleged breach of fiduciary duty?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...