The Board of Directors is elected by: a) They are not elected, but created by charter. b) Stockholders. c) The president of the company. d) The State's Attorney General. e) Alan Greenspan. Compensatory damages are: a) Actual money lost placing an injured party in the same place as if the breach/tort had not occurred. b) Same as consequential and liquidated damages. c) The Gross National Product less the breach or tort. d) Like a rudderless ship. e) The award from an administrative law judge's order in a worker's compensation case. A legal precedent is established by: a) Chewing a breath mint while drinking a coke. b) The legislature. c) The decision by a party to settle. d) A decision by the Court of Appeals or the Supreme Court. e) A decision by a District Court Jury. A private corporation does not: a) Have stock. b) Sell stock on the New York Stock Exchange. c) Have a Board of Directors. d) Have officers. e) Need a charter from the State. To get a union started, you need at least 50% of cards signed to bring the matter to a vote. a) True b) False