Zeron Corporation stock may be summarized as follows: 100,000 ...

[renzo156]

Zeron Corporation stock may be summarized as follows: 100,000 authorized 90,000 issued 75,000 outstanding 15,000 treasury stock How many shares or proxies will have to be present for a quorum (assuming no special provision and that the Revised Act is not in effect)?
 A) 45,001
  B) 37,501
  C) 52,501
  D) 50,001

Question 2

Meg has contracted to paint a portrait of Julio, but dies before completing the portrait. Which of the following is correct?
 A) Meg's executor must find a capable artist to complete the work to Julio's satisfaction.
  B) Meg's contractual duty is discharged due to objective impossibility.
  C) A novation must be entered between Julio and a third person in order to discharge Meg's duty under the contract.
  D) Meg's contractual duty is discharged due to subjective impossibility.

[jointhecircus]

Answer to Question 1

B

Answer to Question 2

B

[renzo156]

Excellent

[Viet Thy]

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