The board of directors of Axiom, Inc. have been communicating and deliberating via email about the purchase of substantially all of the assets of a competitor that recently filed for bankruptcy. The directors have decided that it seems like a wise decision and asked in-house counsel to produce a board of directors consent action. In house counsel produces the consent and sends it to each director for execution. Six of the seven directors return the executed consent and the seventh director emailed in-house counsel to say that he had decided to abstain from voting on this action. Are there any issues with this consent action?