Author Question: Under the RMBCA, if a quorum exists, a shareholder action such as the election of directors is ... (Read 45 times)

acc299 · **on:** Jun 24, 2018

Under the RMBCA, if a quorum exists, a shareholder action such as the election of directors is approved if the votes cast for the action exceed the votes cast against it.
Indicate whether the statement is true or false

Question 2

Which of the following involves a creditor beneficiary relationship?
A) A contract where the insured names a bank with which he has a loan as the beneficiary of a life insurance policy
B) A contract between an employer and a union representing the employees, which contract is made for the benefit of the employees
C) A contract between the owner of a building and the contractor stating that the contractor will pay his employees at a stated rate
D) A contract between a governmental unit and business for services to be rendered to area citizens