Question: Even when the board makes an informed decision, the business judgment rule is not applicable if: A . the transaction is approved by a majority

Even when the board makes an informed decision, the business judgment rule is not applicable if:
A. the transaction is approved by a majority of the disinterested directors after full disclosure of all the facts.
B. the decision results in the company losing money.
C. the directors have a financial or other personal interest in the transaction at issue.
D. the directors neither have an interest on either side of the transaction nor expect to derive any personal financial benefit from the transaction.

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