« previous next »

Author Question: Gumer Corporation requires a quorum of five directors. Under the RMBCA if Marlene, a director, shows ... (Read 99 times)

tnt_battle

  • Hero Member
  • *****
  • Posts: 556
on: Jun 24, 2018
Gumer Corporation requires a quorum of five directors. Under the RMBCA if Marlene, a director, shows up at the meeting for a vote on her favorite topic, dividends, and withdraws thereafter leaving only four directors, they may not act on any further business.
  Indicate whether the statement is true or false

Question 2

Name four nonassignable contract rights found in Restatement (Second) of Contracts, Section 3172..


srodz

  • Sr. Member
  • ****
  • Posts: 333
Reply #1 on: Jun 24, 2018
Answer to Question 1

TRUE

Answer to Question 2

Nonassignable contract rights include those that:
a. materially change the obligor's duty or materially increase the risk or burden upon the obligor,
b. transfer highly personal contract rights,
c. are validly prohibited by the contract, or
d. are prohibited by statute or public policy.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question

tnt_battle

  • Hero Member
  • *****
  • Posts: 556
Reply #2 on: Jun 24, 2018
Correct answers!


srodz

  • Sr. Member
  • ****
  • Posts: 333
Reply #3 on: Jun 24, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Myopia (nearsightedness). In the uncorrected top figure, the image comes into focus in front of the Myopia (nearsightedness). In the uncorrected top figure, the image comes into focus in front of the
Results from sequential study of two cohorts tested at three ages and at three different points in t Results from sequential study of two cohorts tested at three ages and at three different points in t
Meta-analysis of 18 studies shows that aerobic exercise causes better performance in older adults on Meta-analysis of 18 studies shows that aerobic exercise causes better performance in older adults on
The photo shows an ultrasound image of a fetus of about 20 weeks’ gestational age. The photo shows an ultrasound image of a fetus of about 20 weeks’ gestational age.
Adult neurogenesis. The top panel shows new cells in the dentate gyrus of the hippocampus—the cell ... Adult neurogenesis. The top panel shows new cells in the dentate gyrus of the hippocampus—the cell ...
The following information relates to the Cutting Department of Kittina Corporation for the ... The following information relates to the Cutting Department of Kittina Corporation for the ...
Video: ATPase function - membrane transport, contractile proteins and synthesis

For a complete list of videos, visit our video library