Are the directors of a corporation agents of the shareholders?
Question:
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (15 reviews)
No because they are not under any obligation to d...View the full answer
Answered By
Sumit kumar
Education details:
QUATERNARY Pursuing M.Tech.(2017-2019) in Electronics and Communication Engg. (VLSI DESIGN) from
GNIOT Greater Noida
TERTIARY B.Tech. (2012-2016) in Electronics and Communication Engg. from GLBITM Greater Noida
SECONDARY Senior Secondary School Examination (Class XII) in 2012 from R.S.S.Inter College, Noida
ELEMENTARY Secondary School Examination (Class X) in 2010 from New R.J.C. Public School ,Noida
CERTIFICATION
Summer Training in ‘WIRELESS EMBEDDED SYSTEM’ from ‘XIONEE’ for the six weeks.
EMBEDDED SYSTEM Certificate issued by CETPA INFOTECH for one day workshop.
Certificate of Faculty development program on OPTICAL COMMUNICATION and NETWORKS for one week.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Introduction To Business Law
ISBN: 9780324826999
3rd Edition
Authors: Jeff Rey F. Beatty, Susan S. Samuelson
Question Posted:
Students also viewed these Business Law questions
-
The directors of a corporation are often the first people to know about facts that affect its stock price. American law forbids directors and other insiders from using inside information to speculate...
-
Agents and employees of Apples Corporation and Oranges Corporation are convicted of conspiring to violate a federal law that is punishable by a term of imprisonment and a fine. Can the corporations...
-
Shareholders of Bear Stearns sued the directors of the corporation for damages for violation of the directors fiduciary duties in effecting a stock-for-stock merger with J. P. Morgan Chase for an...
-
Use the Chain Rule to calculate the partial derivatives. Express the answer in terms of the independent variables. OF -; F(u, v) = eu+v, u = x, v = xy
-
1. Compare the asset turnover ratios for Delta Air Lines (see the chapter illustration), United (MBA 7-5), Southwest (MBA 7-6), and JetBlue (MBA 7-7). Use Year 2 of Delta and JetBlue for your...
-
In 2019, Steinrotter Construction began construction work under a 3-year contract. The contract price was ¬1,000,000. Steinrotter uses the percentage-of-completion method for financial accounting...
-
Use the Hillcrest Corporation data in Short Exercise 13-6 to compute Hilkest's a. Total liabilities b. Total assets Exercise 13-6 Hillcrest Corporation reported the following accounts: Prepare the...
-
On January 1, 2015, Paro Company purchases 80% of the common stock of Solar Company for $320,000. Solar has common stock, other paid-in capital in excess of par, and retained earnings of $50,000,...
-
5. Use graphic method to study reflection, refraction & total internal reflection at plane interface (a) Draw a rectangle on a sheet of white paper to represent a plastic block with side sizes of 9.0...
-
A beam of 12 eV electrons is incident on a potential barrier of height 30 eV and wit 0.05 nm. Calculate the transmission coefficient?
-
What else could the firm have done?
-
1. Why would the Taylors be liable for Kennys negligence? Why? 2. Was there an explicit agency agreement?
-
The car has a weight of 4000 lb and a center of gravity at G. If it pulls off the side of the road, determine the greatest angle of tilt it can have without slipping or tripping over. The...
-
2. |A| = 1 -4 43 -3 102 2200 32 0 2 0 2 -3 3 find the determinant by Cofactor Expansion.
-
A manufacturer uses activity-based costing to assign overhead cost to products. Budgeted cost information for its activities follows. Activity Purchasing Factory services Setup Budgeted Cost $...
-
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 units to 1,500 units): Sales $ 25,000 Variable...
-
would you say that minimum wage laws pass the standards set forth by this principle? Questions to consider: 1: What groups often get overlooked in the minimum wage debate? 2: Who benefits the most...
-
Evaluate the given function as required. Calculate H(9, 6, 0.8) if H(p, q, r) is as shown below. (Round your answer to two decimal pl H(p, q, r) = 2+2 P 9+22 H(9, 6, 0.8) = .22 X
-
What is the defining characteristic of verbal communication?
-
You continue to work in the corporate office for a nationwide convenience store franchise that operates nearly 10,000 stores. The per- store daily customer count (i.e., the mean number of customers...
-
What are the key drivers of Mandarin Orientals global success?
-
Richard and Michelle Kommit traveled to New Jersey to have fun in the casinos. While in Atlantic City, they used their MasterCard to withdraw cash from an ATM conveniently located in the "pit," which...
-
The McAllisters had several serious problems with their house, including leaks in the ceiling, a buckling wall, and dampness throughout. They repaired the buckling wall by installing I-beams to...
-
Lonnie Hippen moved to Long Island, Kansas, to work at an insurance company owned by Griffiths. After he moved there, Griffiths offered to sell Hippen a house he owned and Hippen agreed in writing to...
-
If a burning log is a black object with a surface area of 0.35m and a temperature of 800C, how much power does it emit as thermal radiation?
-
A 30 kg child starts at rest at the top of a water slide that is 4 meters above the surface of the water. a) Calculate the gravitational potential energy of the child when they are at the top of the...
-
In the United States, the Veterans Administration (VA) is tasked with, among other things, providing quality health care for U.S. military veterans. Chronically underfunded, the agency was having...
Study smarter with the SolutionInn App