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Nina is a director of Outback Outfitters, Inc. Under the standard of due care owed by directors of a corporation, Nina’s decisions must be informed and​ ___.

Ernie is a director of Five-Star Properties, Inc. Ernie is a property appraiser. Five-Star makes several purchases in which it pays too much. Ernie approves all the transactions without evaluating them. He is most likely liable for breach of​ ___.

Diane organized, and owns and operates, Reliable Roofing, a construction outfit, in the simplest form of business organization. This is​ ___.

If Cornel and Deanna resolve their dispute by having a neutral third party render a binding decision, they will have used the method of​ ___.

Craig, Donna, and Eve do business as Fast-Track Career Consultants. Eve’s relationship to Fast-Track ends, but the firm continues to do business. This is​ an example of ___.

Without creating a separate business organization, Roy starts up Sole Savers, a new, pre-owned auto sales enterprise. Roy is​ ___ by default.

In a case, the court may rule contrary to a precedent if the court decides that the precedent​ ___.

Business Rental Corporation (BRC) and Cartage Trucking Company enter into a contract for a lease of ten hydraulic lifts. Under the perfect tender rule, BRC must ship or tender goods to the lessee that​ ___.

If an action is legal, it is ethical.​

In a corporation, who has the responsibility for management of the company?