Question: The _ _ _ _ _ _ _ _ _ _ rule allows management immunity from liability for corporate acts where there is a reasonable

The

__________

rule allows management immunity from liability for corporate acts where there is a reasonable indication that the acts were made in good faith and with due care. a

.

sovereign immunity b

.

business judgment c

.

reasonable director d

.

good faith

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Rule that allows management immunity from liability for corporate acts where there is a reasonable indication that the acts were made in good faith with due care

i need help with the below assignment use the pdf attached to work it out Why is the loan in default? Explain which reasons are most relevant to Drive.What economic factors contributed to the...

Discuss various research aspects of this case: is this opinion still precedent? if not, why not? In the United States Court of Federal Claims No. 05-608 C E-Filed: March 27, 2006...

Question (700 words) John Densmore, a law student and part-time musician, was seriously injured in a car accident. The other car's driver, Ray Manzarek, a renowned life motivation coach and a...

James is a litigation partner in a large commercial law firm in Adelaide. The firm comprises 15 partners and 50 solicitors. One of the firm's biggest clients is a pharmaceutical company, Health...

Question (700 words) John Densmore, a law student and part-time musician, was seriously injured in a car accident. The other car's driver, Ray Manzarek, a renowned life motivation coach and a...

17 Cal.3d 425 (1976) 551 P.2d 334 131 Cal. Rptr. 14 VITALY TARASOFF et al., Plaintiffs and Appellants, v. THE REGENTS OF THE UNIVERSITY OF CALIFORNIA et al., Defendants and Respondents. Docket No....

Do the reading assignment and then look up KRS 275.520 and read its text.Then answer the questions below. Fully explain your answers: 1.What is the taxation advantage of a LLC as opposed to a...

Republic of the Philippines SUPREME COURT Manila FIRST DIVISION G.R. No. 174353September 10, 2014 NESTOR CHING and ANDREW WELLINGTON, Petitioners, vs. SUBIC BAY GOLF AND COUNTRY CLUB, INC., HU HO...

1.Do you agree with the authors that a code of ethics should do more than establish minimum acceptable standards?Why or why not? 2.Describe the five cardinal virtues of professional accountants that...

a. Invent a product or purchase a product from other manufacturers that you can modify with your idea into your own b. Explain the reasons for customers to buy your product c. Describe the variable...

Writing Improvement Exercise: Evaluating Bad-News Statements Your Task. Discuss the strengths or weaknesses of the following bad-news statements. a. Although we had hoped to do so earlier, we cannot...

lounder Company has the following two temporary differences between its income tax expense and income taxes payable. he income tax rate for all years is 2 0 % . a ) Assuming there were no temporary...

Make a statement of cashflows in good form. X X M Inbox 2,50 x M Logistics : * Course: ST: X|MyDrive- x B Group 2 Pex Course ID: Cth Moodle X C Get HomeX C Photos Screx Interview X + ....