Author Question: If the board delegates to a committee its duty to select a new company president: A) the members of ... (Read 68 times)

londonang

  • Hero Member
  • *****
  • Posts: 540
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
  • ****
  • Posts: 354
Answer to Question 1

D

Answer to Question 2

FALSE



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

For a complete list of videos, visit our video library