Practically, the business judgment rule is a presumption in favor of the board. As such, it’s sometimes referred to as the “business judgment presumption.” Mayer, Warner, Siedel and Lieberman’s Foundations of Business Law and the Legal Environment is an up-to-date textbook with complete protection of authorized and regulatory points for your introductory Legal Environment or Business Law course. Appropriately comprehensive for a lower undergraduate course in the topic. One noticeable omission is any serious discussion of intellectual property issues every of which probably benefit a bit of their very own in a text like this. Sherman Act specifically is used to forestall monopolies and to limit business actions that affect interstate commerce, which in turn, could hurt customers.
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