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Brice is on the board of ABC Corporation.XYZ Corporation has made a move to acquire ABC.Tina,the president of ABC advises the board that the offer made by XYZ is a good one that should be accepted.She did not disclose,however,that XYZ had offered her a generous bonus if she could convince the board members of ABC to take XYZ's offer.Brice tells the other board members that they should simply rely on Tina because she is probably right,and under the business judgment rule they are protected even if she is wrong.Which of the following is true regarding Brice's advice?
Contributory Negligence
A traditional defense to negligence liability based on the plaintiff’s failure to exercise reasonable care for his own safety.
Individual's Failure
refers to a situation where a person does not meet the required or expected standard or outcome.
Res Ipsa Loquitur
Literally, the thing speaks for itself. A doctrine that, in some circumstances, gives rise to an inference that a defendant was negligent and that his negligence was the cause of the plaintiff’s injury.
Doctrine
A belief or set of beliefs held and taught by a church, political party, or other group.
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