Sc lost billions o Study guides, Class notes & Summaries
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LAW 531 Final Exam (GRADED A)
- Exam (elaborations) • 13 pages • 2020
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Ted is the president of Soprano Corporation (SC). Ted decided to have SC manufacture large, gas-guzzling SUV automobiles just before gasoline prices rose dramatically. As a result, SC lost billions of dollars. The shareholders of SC want to sue Ted for this bad decision that cost them billions. However, Ted had made a reasonable investigation before making this decision, he had a rational basis for it, and he had no conflicts of interest regarding this decision. What would be the probable out...
