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Author Question: Gumer Corporation requires a quorum of five directors. Under the RMBCA if Marlene, a director, shows ... (Read 106 times)

tnt_battle

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on: Jun 24, 2018
Gumer Corporation requires a quorum of five directors. Under the RMBCA if Marlene, a director, shows up at the meeting for a vote on her favorite topic, dividends, and withdraws thereafter leaving only four directors, they may not act on any further business.
  Indicate whether the statement is true or false

Question 2

Name four nonassignable contract rights found in Restatement (Second) of Contracts, Section 3172..


srodz

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Reply #1 on: Jun 24, 2018
Answer to Question 1

TRUE

Answer to Question 2

Nonassignable contract rights include those that:
a. materially change the obligor's duty or materially increase the risk or burden upon the obligor,
b. transfer highly personal contract rights,
c. are validly prohibited by the contract, or
d. are prohibited by statute or public policy.


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tnt_battle

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Reply #2 on: Jun 24, 2018
Correct answers!


srodz

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Reply #3 on: Jun 24, 2018
Great! Please up vote :D


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