Zachary has been on the board of his brother's company for three years but has never attended a board meeting.He may be liable for failing to act.
Correct Answer:
Verified
Q18: Directors ordinarily serve until someone who wants
Q19: Directors are elected every-other year at the
Q20: Cumulative voting is permitted so the majority
Q21: In closely held corporations,stock transfer restrictions are
Q22: In most states,a corporation may,with shareholder approval,limit
Q24: The officers and the directors are fiduciaries
Q25: Under the statutes in most states,if Heather
Q26: An extension of a voting trust for
Q27: Directors may vote by proxy when they
Q28: Gumer Corporation requires a quorum of five
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents