What is meant by the business judgment rule discussed in the Peoples case?

a.

The court will hold directors personally liable for all debts of the company

b.

None of the other answers is correct

c.

The court will never question any decision made by the directors

d.

The court will hold directors liable for debts of the company if the directors are sued within two years of the date that the company ceases to operate

e.

The court will never question any decision made by the shareholders