US LAW

Compare, contrast, and explain how the business judgment rule applies to the acts of the directors of Main Street, Inc. who: A. Vote to approve the acquisition of FlyByNight Co. that turns about to be a lousy investment, but based on the best available information at the time, it seemed like Da great deal with the opportunity to expand into a new line of business: or B. Vote to approve the sale of Main Street, Inc. to Mega Corp. in return for each of the directors getting a $1,000,000 bonus, even though this was at least $5 per share less than what Main Street, Inc.'s shareholders could have received by selling Main Street, Inc. to Colossal Co., everything else being equal between the sale to Mega Corp., vs. a sale to Colossal Co