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Author Question: Which of the following is correct regarding the removal of Mr. X from the board of XYZ? A) The ... (Read 37 times)

jake

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on: Jun 24, 2018
Which of the following is correct regarding the removal of Mr. X from the board of XYZ?
 A) The common law does not permit removal of a director for any reason.
  B) The RMBCA permits the removal of a director without cause.
  C) The articles of incorporation cannot provide for the removal of directors.
  D) Under common law and statutory law, a director can never be removed without cause.

Question 2

Unless one of the parties contractually assumes the risk, the ____ discharges a contract if supervening circumstances make fulfillment of the purpose which both parties had in mind impossible.
 A) bankruptcy law
  B) frustration of purpose doctrine
  C) perfect tender rule
  D) subjective impossibility doctrine


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macagnavarro

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

B

Answer to Question 2

B


jake

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Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

T4T

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Reply 3 on: Yesterday
Gracias!

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