Which of the following is a legal assumption that prevents juries from second-guessing decisions made by directors,unless they are proven to act with bad faith?

Question

Quizplus · Accepted Answer

The business judgment rule is a legal assumption that prevents juries from second-guessing decisions made by directors, unless they are proven to act with bad faith. This rule assumes that directors act in the best interest of the corporation and that their decisions are made after careful consideration of relevant information. It protects directors from personal liability for their decisions, as long as they are made in good faith and with the best interest of the company in mind.

Which of the Following Is a Legal Assumption That Prevents