Most states, as well as the Revised Act, hold that the test for the duty of diligence requires a director or officer to discharge corporate duties:
A) without a conflict of interest.
B) through a named attorney or legal firm.
C) with a high degree of care.
D) in good faith.
E) All of these.

Question

Quizplus · Accepted Answer

The duty of diligence requires directors or officers to act in good faith, meaning they must act honestly and with a sincere intention to fulfill their responsibilities to the corporation.

Most States, as Well as the Revised Act, Hold That