Mickey is a director of Fine Art Dealers,Inc.Mickey is trained in art valuation.Fine Art Dealers makes several purchases in which it pays too much money for artwork.Mickey approves all the transactions without reading the details.Mickey is most likely

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Mickey's failure to read details and approve transactions without proper evaluation shows a breach of the duty of care. As a director, Mickey has a fiduciary duty to exercise reasonable care, skill, and diligence in managing the affairs of the company, which has been violated here. However, Mickey's actions do not necessarily violate the duty of loyalty, which involves acting in the best interest of the company and avoiding conflicts of interest. This situation may not meet the requirements for violation of the business judgment rule, which protects directors from liability for decisions made in good faith and with reasonable care.

Mickey Is a Director of Fine Art Dealers,Inc