Drag and drop the appropriate words to complete Liability of Directors and Officers:

own, personnel, violating, sued More test answers on https://studyhippo.com/business-law-flash-cards/

Directors and officers fiduciary duties

Duty of care and duty of loyalty More test answers on https://studyhippo.com/chapter-40-corporate-directors-officers-and-shareholders/

Drag and drop the appropriate words to complete Generally, the Duty of Care of Directors and Officers Requires that a Director or Officer:

-Act in good faith (honestly). -Exercise the care that an ordinarily prudent (careful) person would exercise in similar circumstances. -Do what she or he believes is in the best interests of the corporation [RMBCA 8.30(a), 8.42(a)]. More test answers on https://studyhippo.com/business-law-flash-cards/

Rita and Susan want to form and do business as Trips & Travel Agency, Inc. They will serve as the firm’s directors and officers, and will initially hold all of the stock in the company. A corporation is owned by

the shareholders More test answers on https://studyhippo.com/blaw-test-4-review/

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