Luca is a director of Motor Parts Inc. Luca makes decisions with respect to Motor Parts in good faith, in what he believes is the firm's best interest, and without violating any duties owed to it. If, despite these circumstances, Luca exercises poor business judgment, under the business judgment rule he is a. liable only to the extent that Motor Parts suffers as a result. b. immune from liability. c. liable only to the extent that he gained as a result. d. wholly liable.
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Oliver queen buys 100 shares of stock in green arrow archery corporation, a publicly traded company with which he is not affiliated as a director, officer, or employee. he then sells his 100 shares to john diggle. the sec sues oliver because he didn't register the sale of stock to john. who wins? oliver, because the sale falls into the nonissuer exemption oliver, because the sale falls into the private placement exemption the sec, because the transaction is not exempt from registration the sec, because even exempt transactions must be registered with the sec
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Luca is a director of Motor Parts Inc. Luca makes decisions with respect to Motor Parts in good fait...
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