34&35

A Question 34 (1 point) Retake question Which type of business organization needs no written formalities or agreements in order to be formed? Limited partnership Corporation. Limited liability company. Partnership A Question 35 (1 point) Retake question The business judgment rule essentially provides corporate directors of officers could be liable only if they engage in risky businesses. corporate directors and officers are never liable for corporate losses. O corporation directors and officers are liable if the corporation goes bankrupt. courts will generally defer to the director's and officer's business judgment unless there is a lack of good faith, fraud, or an abuse of discretion