Examlex

Solved

Match Each Definition with the Correct Word Part

question 104

Multiple Choice

Match each definition with the correct word part.
--lysis


Definitions:

Business Judgment Rule

A legal principle that protects company directors from liability for decisions made in good faith and in the interest of the company.

Good Faith

The honest intention to act without taking an unfair advantage over another party during the execution of deals, contracts, and transactions.

Ultra Vires Defense

A legal defense arguing that a corporation acted beyond the scope of its powers as defined in its charter or laws.

State's Attorney General

The chief legal advisor and law enforcement officer of a state or territory, responsible for representing the public interest and prosecuting legal actions.

Related Questions