In Most States, a Corporation May, with Shareholder Approval, Limit

question 8

True/False

In most states, a corporation may, with shareholder approval, limit or eliminate the liability of directors for some breaches of the duties which they owe to the corporation.

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Definitions:

Transplant Organs

Organs removed from one body and placed in another's body for the purpose of replacing a missing or defective organ.

Market

An economic system where goods and services are freely exchanged between buyers and sellers under competitive conditions.

Efficiency

The state or quality of being able to achieve maximum productivity with minimum waste or expense.

Equality

The state or condition of being equal, especially concerning status, rights, and opportunities.