Brice Is on the Board of ABC Corporation

question 50

Multiple Choice

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?

• A) Brice is correct.
• B) Brice is correct only if the directors of Success had been soliciting offers, and Tina was charged with reviewing them.
• C) Brice is incorrect unless it can be established that Tina has prior experience in mergers and acquisitions.
• D) Brice is incorrect because no statement made by an officer is entitled to blind reliance.

Understand the process and importance of protocells in the early evolution of life.

Identify the contributions of cyanobacteria to Earth's atmosphere and the development of cellular organelles.

Understand the importance of experiments simulating early Earth conditions in the study of life's origin.

Comprehend the role of RNA in the early genetic mechanisms.

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Definitions:

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.