Flowing Stream Townhouse Development's homeowners' association ...

[abarnes]

Flowing Stream Townhouse Development's homeowners' association has adopted a rule that no owner can sell or lease his or her unit to a Tier 3 registered sex offender. Alice Strom is a Flowing Stream owner who has sold her townhome to a registered Tier 3 sex offender. The homeowners' association board has refused to allow the buyer to move into his townhome and has obtained a court injunction prohibiting his taking occupancy. What standard will the court use in reviewing the actions of the association board?
 A) The business judgment rule
 B) Whether the rule is a breach of privacy
 C) Whether the rule is wise
 D) Whether the rule is a common one for homeowners' associations

Question 2

Another term for par value is book value.
  Indicate whether the statement is true or false

[atrochim]

Answer to Question 1

A

Answer to Question 2

FALSE

[abarnes]

Thanks for the timely response, appreciate it

[adammoses97]

TYSM