6.

Steve is the president and Director of Happy Hotel corporation, a company that builds and manages luxury hotels around the world. After extensive research Steve decides that the perfect location for the best hotel they ever built is in the Hamptons by the ocean where every room will have an ocean view. Steve does additional research about the community and the tourists in this area and ultimately convinces the board to buy the land for 135 million dollars. Unfortunately, an historic Native American burial ground is found a quarter mile from the location and government regulations have mandated that no building or renovation be allowed for a square mile. The corporation losses the entire 135 million dollars. The shareholders want to sue Steve for this historically bad (and possibly stupid) decision to buy this land."

"A. Can the shareholders win this lawsuit, why or why not?"