Social Sciences and the Law

What is a business judgment rule?

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A legal principle that makes officers, directors, managers, and other agents of a corporation immune from liability to the corporation for loss incurred in corporate transactions that are within their authority and power to make when sufficient evidence demonstrates that the transactions were made in good faith ...

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Similar questions: Does a business judgment rule protect officers and directors from liability? Is a business judgment rule a business principle? [ Hide these questions ]

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