Business judgment rule

Definition - Noun
: 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

Based on Merriam-Webster's Dictionary of Law ©2001.
Merriam-Webster, Incorporated
Published under license with Merriam-Webster, Incorporated.
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collateral estoppel

estoppel by judgment barring the relitigation of issues litigated by the same parties on a different cause of action

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