What is the business judgment rule?
California, United States of America
The following excerpt is from Jardine v. Twin Creeks South Estate Homes Ass'n, A126840, Contra Costa County Super. Ct. No. C0801151 (Cal. App. 2010):
4. See Lamden v. La Jolla Shores Clubdominium Homeowners Assn. (1999) 21 Cal.4th 249, 253, that addresses the "business judgment rule." We will discuss the issue later in this opinion.
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