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Legal Environment 5th Edition by Jeffrey Beatty,Susan Samuelson
Edition 5ISBN: 978-1133587491Legal Environment 5th Edition by Jeffrey Beatty,Susan Samuelson
Edition 5ISBN: 978-1133587491 Exercise 14
If a manager engages in self-dealing, which of the following answers will NOT protect him from a finding that he violated the business judgment rule?
A) The disinterested members of the board approved the transaction.
B) The transaction was of minor importance to the company.
C) The disinterested shareholders approved the transaction.
D) The transaction was entirely fair to the corporation.
A) The disinterested members of the board approved the transaction.
B) The transaction was of minor importance to the company.
C) The disinterested shareholders approved the transaction.
D) The transaction was entirely fair to the corporation.
Explanation
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Self-dealing means that manager makes de...
Legal Environment 5th Edition by Jeffrey Beatty,Susan Samuelson
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