The "Business Judgment Rule" Has Been Replaced by "Good Faith

question 23

True/False

The "business judgment rule" has been replaced by "good faith statutes" in most states.

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Definitions:

Manufacturer

A manufacturer is a person or company that makes goods for sale, often involving the transformation of raw materials into finished products through manual labor or machinery.

Loss

The state of being deprived of or of being without something that one has had or expected.

Garage Liability

Garage liability insurance provides coverage for bodily injury or property damage caused by an automotive business's operations or by vehicles owned or used by the business.

Operation

A process or series of actions conducted by an organization or system.