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TRUE or False The stockholders or members in a meeting after the determination of the existence of a quorum will decide based on plurality rather

TRUE or False

  1. The stockholders or members in a meeting after the determination of the existence of a quorum will decide based on plurality rather on majority in cases when there are more than two options.
  2. Contracts entered into in behalf of the corporation by unauthorized directors or trustees and/ or corporate officers will not bind the corporation unless the contracts are ratified.
  3. Executive Committees function within the limits of the powers delegated to them by the Board of Directors/Trustees.
  4. Stock corporations are legally required to have independent directors as members of the board of directors.
  5. In stock corporations, the bylaws of the corporation may prohibit a stockholder from attending a meeting by proxy.
  6. As a rule, private corporation vote by viva voce by roll call.
  7. For secret balloting to be the method of voting in a stock corporation, be it for the stockholders or directors, the approval of the majority in attendance in a meeting was be solicited
  8. As a rule, no stockholder or member could be deprived of then right to vote for the directors or trustees of a corporation.
  9. As a rule, cumulative voting method is used in non-stock corporations.
  10. As a rule, directors and even trustees can be removed from office with or without cause.
  11. Removal of directors when allowed is done through the written assent of 2/3 of the outstanding capital stockholders or members.

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