Joseph is director of Marttel Inc.The company is thinking about buying some land in which Joseph is part owner.At the board of directors meeting where this is discussed and voted on,Joseph should
A) reveal,discuss,and vote on the matter since this is his fiduciary duty.
B) explain fully of his interests in the land,then vote his conscience.
C) abstain from voting on the matter since this is a potential conflict of interests.
D) be silent and refrain from voting on this matter.
E) graciously be absent from the meeting.
Correct Answer:
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Q5: The winding up (dissolution)of a corporation can
Q6: Claude will be a minority shareholder in
Q7: What are pre-emptive rights?
A)rights to buy as
Q8: In a distributing public company,auditors are appointed
Q9: Directors owe duties to
A)the public.
B)creditors of the
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Q11: The only "document of record" the company
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