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Ellen, Attorney
Category: Business Law
Satisfied Customers: 36714
Experience:  25 years of experience helping people like you.
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Hello, I have 2 questions: 33. Under the business judgment

Customer Question

Hello, I have 2 questions:
Under the business judgment rule, corporate managers must:
(Points : 6)

Make fully informed decisions.

Not have any conflict of interest.

Have a rational basis for their decisions.

All of the above.

20. A principal's ratification of a contract can be inferred from facts and circumstances even if he says nothing to ratify the contract. (Points : 4)
Submitted: 5 years ago.
Category: Business Law
Expert:  Ellen replied 5 years ago.

Thank you so much for directing your new question to me.

Here are my answers for comparison with your own:

33 All of the above.
20 True

If you have any further questions, I am happy to assist you. You can start your new question with "for FiveStarLaw" and send it to the appropriate legal, tax or homework category so that the question is directed to me and I can give your question my immediate attention

Thank you very much,

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