The Business Judgment Rule

The business judgment rule:

A) is applied when directors of a corporation act negligently
B) protects directors and managers of a corporation who have made honest mistakes in judgment
C) is used by courts to impose strict liability on directors and managers when violated
D) protects directors and managers of a corporation who have made honest mistakes in judgment and is used by courts to impose strict liability on directors and managers when violated
E) none of the other choices

Correct Answer:

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