Business judgment

Definition
: a decision by a person or body (as a board of directors) having authority to act on behalf of a business and usu. marked by reasonableness and the exercise of due care
also
: the faculty of making such decisions

Based on Merriam-Webster's Dictionary of Law ©2001.
Merriam-Webster, Incorporated
Published under license with Merriam-Webster, Incorporated.
http://www.m-w.com

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slight negligence

failure to exercise the great degree of care typical of an extraordinarily prudent person

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