There are no accountants on the board of the Oriole Corporation. The board routinely relies on a Certified Public Accountant (CPA)

There are no accountants on the board of the Oriole Corporation. The board routinely relies on a Certified Public Accountant (CPA) to explain the financial situation of the corporation. The board does not do an independent analysis of the CPA’s report. In these circumstances, the board is:

A. Not violating any duty.

B. Violating a duty to exercise due care.

C. Violating a duty of loyalty

D. Violating the business judgement rule.

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LAW531 LAW/531 LAW 531 Final Exam

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