The Business Judgment Rule Would Require an Officer or Director

question 101

True/False

The business judgment rule would require an officer or director to use the highest duty of care in the execution of his office.

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Definitions:

Breach

The violation or non-fulfillment of a legal obligation, contract, or duty.

Client Confidentiality

The ethical obligation of professionals to not disclose information about clients to third parties without the client's consent.

Duty of Competence

A legal obligation requiring lawyers to possess the necessary skill, knowledge, and ability to represent a client effectively.

Client Confidentiality

The ethical and legal duty of professionals, especially in legal and medical fields, to keep information about their clients strictly private.