A director may be personally liable for damag- es caused by
A) his or her failure to make the correct busi- ness decision.
B) his or her actions beyond the scope of the director's duty.
C) fraudulent or tortious acts committed by the others in the corporation that the director was reasonably unaware of.
D) his or her failure to vote on matters that personally involve the director.
Correct Answer:
Verified
Q1: Directors are granted the statutory right to
Q3: A(n)_ may be brought by one or
Q4: The statutory authority granted to the board
Q5: The board of directors may not appoint
Q6: A(n)_ is an action brought by a
Q7: The agenda for a meeting of the
Q8: The issuance of stock of a corporation
Q9: A _is the authority given by a
Q10: Under the statutes of most states, annual
Q11: The method of voting that gives minority
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents