Author Question: The members of the board of directors are essentially trustees of the corporation. Indicate ... (Read 66 times)

Redwolflake15

  • Hero Member
  • *****
  • Posts: 569
The members of the board of directors are essentially trustees of the corporation.
  Indicate whether the statement is true or false

Question 2

Barbara owes Arturo 2,000. On July 1, Arturo assigns the debt to Charles. Thereafter on July 15, Arturo assigns the same right to Dennis, who in good faith gives value for it and knows nothing about the first assignee. Dennis immediately notifies Barbara of the assignment. Under:
 A) all of the rules, Charles has priority since he was the first assignee in time.
  B) the majority rule, Dennis has priority.
  C) the English Rule, Dennis has priority.
  D) the English Rule, Charles has priority.



Eazy416

  • Sr. Member
  • ****
  • Posts: 360
Answer to Question 1

FALSE

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

Studies show that systolic blood pressure can be significantly lowered by taking statins. In fact, the higher the patient's baseline blood pressure, the greater the effect of statins on his or her blood pressure.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

For a complete list of videos, visit our video library