The _____ is a presumption given by the courts to the corporate directors that their actions were informed and done with good faith and with an honest belief that the actions were in the best interests of the corporation.
A) preemptive rule
B) derivative action rule
C) business judgment rule
D) closed shop right
E) runaway shop right
Correct Answer:
Verified
Q21: Differentiate a voting agreement from a voting
Q22: _ is a method whereby a shareholder
Q24: G&C Inc.has outstanding 10,000 shares with par
Q25: In the context of corporate powers and
Q27: a(n. _ is a situation where directors
Q28: What is a preemptive right?
A) It is
Q29: _ is a shareholder voting method that
Q30: What is a derivative action?
A) It is
Q31: State the four main responsibilities of the
Q32: Outside directors are also known as _
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