Dave is an officer for Sweet Somethings Candies,Inc.In 2012,chocolate hearts were very popular.Acting within his managerial authority and the powers of the corporation,Dave signs a contract for an increase in chocolate heart production for 2013.In 2013 chocolate hearts do not sell well and Sweet Somethings Candies loses money.Dave is most likely

Question

Quizplus · Accepted Answer

Dave acted within his managerial authority and the powers of the corporation. The failure of the chocolate hearts cannot be attributed to Dave's actions alone as market conditions can change unpredictably, and product performance cannot be guaranteed. Therefore, Dave is not liable for breach of duty of care, breach of duty of loyalty, or violation of the business judgment rule.

Dave Is an Officer for Sweet Somethings Candies,Inc