Answered step by step
Verified Expert Solution
Question
1 Approved Answer
10. Elliott, Taylor and Katherine are shareholders in ETK, Inc. Elliott and Taylor have aligned against Katherine. There is now an election to fill the
10. Elliott, Taylor and Katherine are shareholders in ETK, Inc. Elliott and Taylor have aligned against Katherine. There is now an election to fill the three director positions. Which of the following would best protect Katherine's interests a. Inspection rights b. Cumulative voting c. Bsiness judgment rule d. Corporate opportunity rule 11. Calvin formed a mobile copy service. He was the sole owner, and incorporated it as "Calvin's Copies, Inc." One day while he was operating the copier at a client's site, he negligently left a utility cord strung across a driveway. The client's employee, Anne, ran into the cord and suffered injuries. When Anne sue:s Calvin individually, she wil be a.successful, since he is liable under the doctrine of respondeat superior b. successful, since he is liable for his negligence c. not successful, since the corporation shields him from personal liability d. not successful, since respondeat superior does not apply 12. Susan created a close corporation for her business, CDS, Inc. a computer data service. She was the president of the corporation. All necessary requirements for incorporation were met. While processing a client's account, Susan negligently erased important data. The client was required to go to significant expense to replace the data, which came too late for an important project. If the client sues on the basis of negligence a. both Susan and CDS, Inc are liable: Susan for negligence, CDS, Inc. under respondeat superior b. only Susan is liable for negligence, since she was not acting within the scope and course of her duties by acting negligently C. her duties at the time of the incident. d. only CDS, Inc. is liable since it was a properly incorporated entity, shielding Susan from personal liability only CDS, Inc. is liable since Susan was acting within the course and scope of
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started