Most States, as Well as the Revised Act, Hold That

question 94

Multiple Choice

Most states, as well as the Revised Act, hold that the test for the duty of diligence requires a director or officer to discharge corporate duties:

• A) without a conflict of interest.
• B) through a named attorney or legal firm.
• C) with a high degree of care.
• D) in good faith.
• E) All of these.

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Definitions:

Chlorine

A chemical element with symbol Cl and atomic number 17, known for its disinfecting properties and used in the production of a wide array of products.

Photosynthetic Enzymes

Enzymes that catalyze reactions in the process of photosynthesis, enabling plants to convert light energy into chemical energy.

Zinc

A metallic chemical element with the symbol Zn and atomic number 30, essential for human health and used in a variety of applications.

Copper

A reddish-brown metallic element that is ductile and malleable, widely used in electrical wiring, plumbing, and the creation of alloys.