Examlex
Identify which of the following statements is true.
Strict Liability
A legal principle where a party is responsible for damages caused by their actions, regardless of negligence or intent.
Voting Agreement
A legal pact among shareholders to vote their shares in a certain manner.
Business Judgment Rule
A legal principle that protects company directors from liability for decisions made in good faith and in the interest of the company.
Good Faith
The honest intention to act without taking an unfair advantage over another party during the execution of deals, contracts, and transactions.
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