Whom of the following must follow a corporation's bylaws in conducting corporate activities:
a. shareholders b. directors
c. officer of the corporation
d. all of the other specific choices are correct
e. none of the other specific choices are correct
Question 2
In U.S. v. LaGrou Distribution System, the government prosecuted LaGrou and its top executives for allowing rat contamination of its food warehouse; the court held that while the company could be fined, the executives could not be held liable without convincing proof of their knowledge of the problem.
a. True
b. False
Indicate whether the statement is true or false
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Introduction to Corporate Finance, 5th