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Author Question: If the board delegates to a committee its duty to select a new company president: A) the members of ... (Read 108 times)

londonang

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on: Jun 24, 2018
If the board delegates to a committee its duty to select a new company president:
 A) the members of that committee may be responsible individuals other than board members.
  B) the committee must be approved by the shareholders.
  C) the non-committee directors are relieved of liability for acts of the committee.
  D) the committee must consist of board members.

Question 2

A novation is an agreement between two parties to have one substitute for the other in a contract.
  Indicate whether the statement is true or false


daiying98

  • Sr. Member
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  • Posts: 354
Reply #1 on: Jun 24, 2018
Answer to Question 1

D

Answer to Question 2

FALSE


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