Rhea is a director of Spex Corporation,which makes and sells sunglasses and other eyewear.As a Spex director,Rhea is
A) a trustee because Rhea occupies a position of trust over Spex.
B) a trustee because Rhea holds title to Spex's property for the use and benefit of others.
C) not a trustee because Rhea does not hold title to Spex's property for the use and benefit of others.
D) not a trustee because Rhea is not in a position of trust over Spex.
Correct Answer:
Verified
Q30: A preemptive right is a preference over
Q31: Cumulative voting refers to the accumulation of
Q36: Persons whose names appear in a corporation's
Q36: A majority shareholder does not owe a
Q38: Shares issued for more than their fair
Q38: Odell,Prince,and Quinn are shareholders of Rite Corporation.Before
Q45: Flite-Craft Corporation makes and sells aircraft parts.In
Q51: Nina is a director of Omega, Inc.
Q55: Rosa and Sean are directors of Tech,
Q56: Eve is a director of Fab Stuff
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