Question

Discuss the following:

1. What part or parts of the U.S. rule do you either agree or disagree?
2. Compare/contrast the U.S. with your selected country. If they are the same, why do you think they are stated in similar ways. If different, discuss the differences.

If you could change the U.S. rule, what would you change and why?

If you would not change anything in the U.S. rule, discuss what aspects of the rule you believe are most effective and why?

Please provide citations for all materials used.

Solution Preview

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Within the United States case law, business Judgment Rule is derived from a common law doctrine of the United States. Corporation law, lays down the legal principle that, the agents of a corporation are protected by a limited liability, meaning that any loss incurred in the corporate transactions, is not applicable for pay out from the agent’s personal assets. The pay out is ...

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