business judgment

business judgment
business judgment see judgment 2

Merriam-Webster’s Dictionary of Law. . 1996.

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  • business judgment rule — n: a rule of law that provides corporate immunity to directors of corporations protecting them from liability for the consequences of informed decisions made in good faith Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. business… …   Law dictionary

  • Business judgment rule — The business judgment rule is an American case law derived concept in Corporations law whereby the directors of a corporation . . . are clothed with [the] presumption, which the law accords to them, of being [motivated] in their conduct by a bona …   Wikipedia

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  • judgment — A sum due for payment or collection as a result of a court order. American Banker Glossary * * * judgment judg‧ment [ˈdʒʌdʒmənt] also judgement noun 1. [countable] an opinion formed or a decision made after careful thought: • Traders said they… …   Financial and business terms

  • Business Judgement Rule — Die Business Judgement Rule ist im deutschen Gesellschaftsrecht ein Teil der Organhaftung, wonach der Vorstand oder Aufsichtsrat für begangene schuldhafte Pflichtverletzungen persönlich haftet und entstandene Schäden ersetzen muss.… …   Deutsch Wikipedia

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  • business — Employment, occupation, profession, or commercial activity engaged in for gain or livelihood. Activity or enterprise for gain, benefit, advantage or livelihood. Union League Club v. Johnson, 18 Cal.2d 275, 108 P.2d 487, 490. Enterprise in which… …   Black's law dictionary

  • business — Employment, occupation, profession, or commercial activity engaged in for gain or livelihood. Activity or enterprise for gain, benefit, advantage or livelihood. Union League Club v. Johnson, 18 Cal.2d 275, 108 P.2d 487, 490. Enterprise in which… …   Black's law dictionary

  • Business rules engine — A business rules engine is a software system that executes one or more business rules in a runtime production environment. The rules might come from legal regulation ( An employee can be fired for any reason or no reason but not for an illegal… …   Wikipedia

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