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Author Question: The members of the board of directors are essentially trustees of the corporation. Indicate ... (Read 141 times)

Redwolflake15

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on: Jun 24, 2018
The members of the board of directors are essentially trustees of the corporation.
  Indicate whether the statement is true or false

Question 2

Barbara owes Arturo 2,000. On July 1, Arturo assigns the debt to Charles. Thereafter on July 15, Arturo assigns the same right to Dennis, who in good faith gives value for it and knows nothing about the first assignee. Dennis immediately notifies Barbara of the assignment. Under:
 A) all of the rules, Charles has priority since he was the first assignee in time.
  B) the majority rule, Dennis has priority.
  C) the English Rule, Dennis has priority.
  D) the English Rule, Charles has priority.


Eazy416

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

FALSE

Answer to Question 2

C


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