The Statutory Close Corporation Supplement to the MBCA and RMBCA ...

[Garrulous]

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

[sabina576]

Answer to Question 1

C

Answer to Question 2

FALSE

[Garrulous]

Wow, this really help

[ghepp]

Thanks for the timely response, appreciate it