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 the above.

Question

Quizplus · Accepted Answer

The duty of diligence requires directors or officers to act in good faith, meaning they must act honestly and with a sincere intention to deal fairly with the corporation.

Most States,as Well as the Revised Act,hold That the Test