Law Dictionary

business judgment rule

noun

Legal Definition of business judgment rule

  1. :  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


Seen and Heard

What made you want to look up business judgment rule? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

capable of being understood in two ways

Get Word of the Day daily email!