Multiple Choice
Most states, as well as the Revised Act, hold that the test for the duty of diligence requires a director or officer to discharge corporate duties:
A) without a conflict of interest.
B) through a named attorney or legal firm.
C) with a high degree of care.
D) in good faith.
E) All of these.
Correct Answer:
Verified
Correct Answer:
Verified
Q7: The articles of incorporation, incorporation statute, and
Q8: In most states, a corporation may, with
Q30: In most states, an officer can be
Q39: One difference between large, publicly held corporations
Q59: a. Who selects the officers of a
Q91: Special shareholder meetings may be called by:<br>A)
Q92: The Dodd-Frank Act requires that every year
Q97: If shareholders agree in writing to vote
Q98: With respect to the board of directors
Q99: The minimum number of board members necessary