A director may make business decisions in reliance on information provided to him without incurring liability for negligence as long as he:
A) notifies the preparer of the information.
B) reasonably believes that the information is reliable.
C) conducts his own independent investigation.
D) is given a sworn affidavit by the preparer.
Correct Answer:
Verified
Q63: Special shareholder meetings may be called by:
A)
Q64: If shareholders agree in writing to vote
Q65: With respect to the board of directors
Q66: Zeelon Corporation stock may be summarized as
Q67: Most states, as well as the Revised
Q69: The role of shareholders in managing the
Q70: In Donahue v. Rodd Electrotype Co., Inc.
Q71: The type of authority that arises from
Q72: Arthur is a shareholder of Rowson, Inc.
Q73: The _ precludes imposing liability on directors
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