The Model Business Corporation Act (MBCA) standard of care permits directors and officers to rely on the opinions, reports, and statements of persons who reasonably appear to be competent and reliable.

Answer the following statement true (T) or false (F)


True

Business

You might also like to view...

In a contract involving elements of both goods and services, a court will determine whether Article 2 of the Uniform Commercial Code (UCC) applies by:

A. asking if the contract is barred by public policy. B. balancing the need to apply a uniform standard with the interest of justice. C. using the criteria of reasonableness. D. asking which element predominates in the contract.

Business

What are the advantages to publishing marketing research reports on the Web?

What will be an ideal response?

Business

The wording and ordering of questions is not an important consideration in survey design

Indicate whether the statement is true or false

Business

Each partner has a separate Capital, Withdrawals, and Income account

Indicate whether the statement is true or false

Business