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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. What legal protection, if any, does Pogisa have?
A. The fairness rule
B. The business judgment rule
C. The insider trading rule
D. The actual authority rule
Answer
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Related questions
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