The board of directors of Lorantan Corporation has 12 members. Lorantan's bylaws provide that a majority of seven or more directors is necessary to form a quorum. At a meeting of the board of directors, a resolution is adopted authorizing the sale of a substantial portion of the corporate assets to Pam Park, a director. Pam is one of the eight directors present. Which one of the following does NOT relieve directors from liability for selling the corporate to Pam?
Group of answer choices
A. The transaction has been approved by a majority of informed, disinterested directors.
B. The transaction has been approved by a majority of the shares held by informed disinterested shareholders.
C. The transaction is fair to the corporation.
D. Invoking business judgment rules by the board members during the meeting.
