Filters
Question type
Study Flashcards

In some states and under the RMBCA, cumulative voting is permissive, not mandatory.

Correct Answer

verifed

verified

Under the statutes in most states, if Marilyn and George form a corporation with Marilyn as president and George as treasurer, Marilyn cannot also be corporate secretary.

Correct Answer

verifed

verified

An extension of a voting trust for an additional term binds only those shareholders that consent to the extension.

Correct Answer

verifed

verified

Discuss the business judgment rule.

Correct Answer

verifed

verified

The business judgment rule precludes imp...

View Answer

With respect to the voting rights of shareholders, a shareholder is entitled to vote:


A) only at annual shareholder meetings.
B) one vote for every two shares of stock owned.
C) only in person.
D) at annual and special shareholder meetings, ordinarily with one vote for each share owned.

Correct Answer

verifed

verified

The members of the board of directors are essentially trustees of the corporation.

Correct Answer

verifed

verified

What are some of the matters involving fundamental changes in the corporation?


A) Amendments to articles of incorporation
B) Sale or lease of all or substantially all of the corporate assets not in the regular course of business
C) Mergers, consolidations, compulsory share exchanges
D) All of these

Correct Answer

verifed

verified

Showing 81 - 87 of 87

Related Exams

Exam 1

Introduction to Law

73 Questions

Exam 2

Business Ethics and the Social Responsibility of Business

62 Questions

Exam 3

Civil Dispute Resolution

86 Questions

Exam 4

Constitutional Law

89 Questions

Exam 5

Administrative Law

69 Questions

Exam 6

Criminal Law

87 Questions

Exam 7

Intentional Torts

90 Questions

Exam 8

Negligence and Strict Liability

91 Questions

Exam 9

Introduction to Contracts

73 Questions

Exam 10

Mutual Assent

86 Questions

Exam 11

Conduct Invalidating Assent

74 Questions

Exam 12

Consideration

82 Questions

Exam 13

Illegal Bargains

65 Questions

Exam 14

Contractual Capacity

72 Questions

Exam 15

Contracts in Writing

80 Questions

Exam 16

Third Parties to Contracts

80 Questions

Exam 17

Performance, Breach, and Discharge

65 Questions

Exam 18

Contract Remedies

68 Questions

Exam 19

Relationship of Principal and Agent

75 Questions

Exam 20

Relationship With Third Parties

73 Questions

Exam 21

Introduction to Sales and Leases

66 Questions

Exam 22

Performance

62 Questions

Exam 23

Transfer of Title and Risk of Loss

65 Questions

Exam 24

Products Liability: Warranties and Strict Liability in Tort

62 Questions

Exam 25

Sales Remedies

71 Questions

Exam 26

Form and Content

69 Questions

Exam 27

Transfer and Holder in Due Course

93 Questions

Exam 28

Liability of Parties

68 Questions

Exam 29

Bank Deposits, Collections, and Funds Transfers

71 Questions

Exam 30

Formation and Internal Relations of General Partnerships

72 Questions

Exam 31

Operation and Dissolution of General Partnerships

63 Questions

Exam 32

Limited Partnerships and Limited Liability Companies

70 Questions

Exam 33

Nature, Formation, and Powers

75 Questions

Exam 34

Financial Structure

79 Questions

Exam 36

Fundamental Changes

71 Questions

Exam 37

Secured Transactions and Suretyship

89 Questions

Exam 38

Bankruptcy

92 Questions

Exam 39

Protection of Intellectual Property

77 Questions

Exam 40

Antitrust

80 Questions

Exam 41

Consumer Protection

79 Questions

Exam 42

Employment Law

89 Questions

Exam 43

Securities Regulation

91 Questions

Exam 44

Accountants Legal Liability

65 Questions

Exam 45

Environmental Law

68 Questions

Exam 46

International Business Law

76 Questions

Exam 47

Introduction to Property, Property Insurance, Bailments, and Documents of Title

82 Questions

Exam 48

Interests in Real Property

78 Questions

Exam 49

Transfer and Control of Real Property

86 Questions

Exam 50

Trusts and Decedents Estates

81 Questions

Exam 51

the Legal Environment of Business

65 Questions

Exam 52

Contracts

36 Questions

Exam 53

Agency

15 Questions

Exam 54

Sales

44 Questions

Exam 55

Negotiable Instruments

20 Questions

Exam 56

Unincorporated Business Associations

15 Questions

Exam 57

Corporations

40 Questions

Exam 58

Debtor and Creditor Relations

25 Questions

Exam 59

Regulation of Business

21 Questions

Exam 60

Property

25 Questions

Show Answer