What is the Business Judgment Rule and how did the Court apply that rule in the Bezirdjian case?

Review the excerpt of the California Court of Appeals case Bezirdjian v. O’Reilly, reproduced as Extended Case 40.2 in Chapter 40 of the Business Law textbook and answer these questions:

1.  What type of action did Bezirdjian bring and what steps was Bezirdjian required to take with Chevron before filing this action?

2.  What is the Business Judgment Rule and how did the Court apply that rule in the Bezirdjian case?

3.  Although this case involved Delaware law, if California Corporations Code § 309 had applied to this case, would the outcome of the case have been the same?  Why or why not?