Question

Pogisa is a director at trendz corp. after studying and consulting with experts, pogisa votes to have trendz sell a tract of land for $500 per acre. within a year, the land is worth $2,000 per acre, and trendz shareholders want to sue pogisa for her vote to sell the land. under the ________, pogisa may be entitled to legal protection.

Answer 1

She may be entitled to protection under the Business Judgement Rule, which is a doctrine that courts generally defer to the business decisions of company executives when the decisions were in good faith.