Rafi,a director of Super Service Station Corporation,does not attend a board meeting for three years. During that time,Todd,Super's president,makes improper loans that cost the company $1 million. Rafi is most likely
A) liable for negligence.
B) liable for violation of the business judgment rule.
C) not liable because missing meetings is an honest mistake.
D) not liable because missing meetings is only poor judgment.
Correct Answer:
Verified
Q25: Mieko is a shareholder of Natural Gas,
Q48: RayAnn is a corporate officer for Shady's
Q49: Shannon is an officer for Turista Shirts
Q50: Holly is a director of International Spices,Inc.
Q51: Thor Power Products Corporation permits its directors
Q52: Coast-to-Coast Distribution,Inc.,is a national trucking company. Like
Q54: Karen and Laura are officers of Marketing
Q55: Rosa and Sean are shareholders of T-Rex
Q56: Lewis is a director of Mines &
Q58: Rihanna owns one share of stock in
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