Most states, as well as the Revised Act, hold that the test for the duty of diligence requires a director or officer to discharge corporate duties:
A) in good faith.
B) with a high degree of care.
C) without a conflict of interest.
D) through a named attorney or legal firm.
E) All of these.

Question

Quizplus · Accepted Answer

Directors and officers are required to discharge their duties in good faith, which is a fundamental aspect of the duty of diligence.

Most States, as Well as the Revised Act, Hold That