A Law That Holds That Directors Will Have No Liability

question 42

Multiple Choice

A law that holds that directors will have no liability for breach of the duty of care in the absence of willful misconduct or recklessness and that does not require board or shareholder action is called a(n) :

• A) cap on monetary damages statute.
• B) charter option statute.
• C) self-executing statute.
• D) enabling statute.

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Definitions:

Nasal Cavity

The nasal cavity is a large air-filled space behind the nose, involved in breathing, filtering, warming, and humidifying inhaled air; it also houses olfactory receptors involved in the sense of smell.

Pharynx

The Pharynx is the part of the throat behind the mouth and nasal cavity, leading to the esophagus and larynx, involved in breathing and swallowing.

Respiratory Membrane

The thin barrier in the lungs through which gas exchange occurs between the air in the alveoli and the blood in the capillaries.

Oxygen Therapy

The administration of oxygen to increase the amount of oxygen in the blood, commonly used in medical treatments.