In evaluating corporate transactions, the board has all of the following fiduciary duties except the duty of

Name: In evaluating corporate transactions, the board has all of the following fiduciary duties except the duty of
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The duty of wisdom is not a recognized fiduciary duty in corporate law. The recognized fiduciary duties of the board include the duty of care, the duty of loyalty, and the duty to act in the best interests of the corporation.

In Evaluating Corporate Transactions, the Board Has All of the Following