BUSI 301 Application Activity 7 The Business Judgment Rule Analysis Assignment solutions complete answers
Thank you, Name, for coming to our board meeting. We have some serious issues that we need to discuss.
In addition to you, we also have our in-house counsel, Gabe, here to help.
Don’t worry, I can help. A fiduciary duty is a legal obligation
Under your responsibilities as fiduciaries, you have two main obligations to AhHa Cars:
And, most likely your shareholders are trying to sue you for a possible breach of your
A presumption is
It’s pretty simple, there are three elements of the rule that you must satisfy when you make a decision:
Well, yeah. He seemed like a super smart guy, had a great resume, and was recommended by James… what else would be necessary?
Well, all in all it looks like:
So, the business judgment rule does not provide you with a presumption that you upheld your duty of care because you
So Brian,
Again, when the business judgment rule does not apply, your action will be assessed based on:
