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A corporation's board approved a new product line after reviewing market studies, asking questions of management, and discussing the risks. The product failed and caused a substantial loss. A shareholder sues the directors for breach of the duty of care.
Which statement best describes the likely rule?

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A director is protected from all claims merely because the director was unpaid. A director is protected only when a court agrees that the decision was objectively the best available business choice. A director is protected if the decision was made in good faith, on an informed basis, and with a reasonable belief that it served the corporation's interests. A director is liable for any mistake unless the articles eliminate all fiduciary duties.

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