Rafi, a director of Super Service Station Corporation, does not attend a board meet?ing for three years. During that time, Twyla, Super's president, makes improper loans that cost the company $100,000. Ron is most likely
A) liable for negligence or mismanagement.
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
Q23: Sophie and Tiny incorporate their beverage-container business
Q26: Frawsty Corporation distributes beverages in the greater
Q29: Bret and Courtney form Delite Day Care,Inc.Ultimate
Q34: Lon and Merry act as the incorporators
Q35: Frida,Gayla,and Hart occupy the positions of director
Q35: Flite-Craft Corporation makes and sells aircraft parts.In
Q47: Coast-to-Coast Distribution, Inc., is a direct-mail distribution
Q51: Nina is a director of Omega, Inc.
Q55: Rosa and Sean are directors of Tech,
Q56: Eve is a director of Fab Stuff
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