Question: The _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ is a legal presumption that in making a business
The is a legal presumption that in making a business decision the directors of a corporation acted on an informed basis, in good faith and in the honest belief that the action taken was in the best interests of the company. This legal presumption generally favors the corporate director or officer who is the subject of a shareholder lawsuit for breach of corporate duties.
Correct answer consists of words.
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
