Answer the Following: Ron Rader Wants to Buy All of the Stock of the Stock

Essay

Answer the following:
Ron Rader wants to buy all of the stock of Radmore, Inc. He approaches the officers and directors and offers to pay them $200 per share for each of the shares they hold. The officers
a. and directors agree and then convince the majority of shareholders to sell their stock for $100 per share. Do the other stockholders have a cause of action against the officers and directors? Explain.
Anne, Bob, and Clark are three of the five board members of Starzitz, Inc. One day they meet
_b. by chance for breakfast and decide to transact some corporate business while they are all together. If they decide to declare a dividend and to purchase another building for the
corporation at this meeting, will their actions be binding on the corporation? Explain.
_a. ^{Yes. The officers and directors have a fiduciary duty to the corporation. In this}