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Author Question: The Statutory Close Corporation Supplement to the MBCA and RMBCA and special legislation in about ... (Read 136 times)

Garrulous

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on: Jun 24, 2018
The Statutory Close Corporation Supplement to the MBCA and RMBCA and special legislation in about twenty states accommodate the needs of closely held corporations by all but which of the following?
 A) Permitting operation without a board of directors
  B) Authorizing the use of shareholder agreements in place of bylaws
  C) Requiring cumulative voting
  D) Making annual meetings optional

Question 2

A person who has made a financially unsound contract may be relieved from performance under the doctrine of commercial impracticability.
  Indicate whether the statement is true or false


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sabina576

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

C

Answer to Question 2

FALSE


Garrulous

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

cam1229

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Reply 3 on: Yesterday
Wow, this really help

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