Practically, the business judgment rule is a presumption in favor of the board. As such, it’s typically referred to as the “enterprise judgment presumption.” Mayer, Warner, Siedel and Lieberman’s Foundations of Business Law and the Legal Environment is an up-to-date textbook with complete protection of authorized and regulatory issues on your introductory Legal Environment or Business Law course. Appropriately complete for a lower undergraduate course in the subject. One noticeable omission is any serious dialogue of mental property issues each of which doubtless benefit a bit of their own in a text like this. Sherman Act specifically is used to prevent monopolies and to limit business actions that affect interstate commerce, which in flip, might hurt consumers.
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