« previous next »

Author Question: Gumer Corporation requires a quorum of five directors. Under the RMBCA if Marlene, a director, shows ... (Read 96 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?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

A plot of trophic diversity across the major groups of organisms shows highest trophic diversity amo A plot of trophic diversity across the major groups of organisms shows highest trophic diversity amo
Examples of USP labels Source: Courtesy of Novartis Pharmaceuticals Corporation and Mallinckrodt Pha Examples of USP labels Source: Courtesy of Novartis Pharmaceuticals Corporation and Mallinckrodt Pha
Nomogram chart. This example shows a line drawn from a child’s height of 100 cm to his weight, 35 ... Nomogram chart. This example shows a line drawn from a child’s height of 100 cm to his weight, 35 ...
Monitoring shows that many forms of air pollution have decreased Monitoring shows that many forms of air pollution have decreased
An analytical procedure requires a solution of chloride ions. How many grams of MgCl2 must be ... An analytical procedure requires a solution of chloride ions. How many grams of MgCl2 must be ...
The purpose of mitosis is to take diploid cells and make two identical clones. A shows a simplified The purpose of mitosis is to take diploid cells and make two identical clones. A shows a simplified
Video: Stimulus (introduction)

For a complete list of videos, visit our video library