What Is Standard Of Care Duty Of Care? The duty of care stands for the principle that directors and officers of a corporation in making all decisions in their capacities as corporate fiduciaries, must act in the same manner as a reasonably prudent person in their position would. What is the standard of care owed?
What Are Natural Obligations? NATURAL OBLIGATION, Civil law. One which in honor and conscience binds the person who has contracted it, but which cannot be enforced in a court of justice. Poth. … See Obligation. What is civil and natural obligation? Civil obligations (also called perfect obligations) must be distinguished. from natural obligations, which are
What Is A Valid Offer In Contract Law? In order for an offer to be valid, it must be clearly communicated, giving the offeree a chance to accept or reject it. Clear communication can include actions, oral communication, or in writing. A valid offer can be made to a group, a single person, or the