Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 27, 2024

Z, Inc. is a close corporation. No meeting has been held to elect directors and all the officers were appointed by the stockholders. Is this

Z, Inc. is a close corporation. No meeting has been held to elect directors and all the officers were appointed by the stockholders. Is this allowed by law? Why or why not. Cite the applicable provision.

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

Recommended Textbook for

Law Express Contract Law

Authors: Emily Finch, Stefan Fafinski

6th Edition

1292210125, 978-1292210124

More Books

Students also viewed these Law questions

Question

★★★★★

What is a T-account? Describe the basic components of any account.

Answered: 1 week ago

Question

★★★★★

Excel Industries Ltd. has assets of Rs 1,60,000 which have been financed with Rs 52,000 of debt, Rs 90,000 of equity and a general reserve of Rs 18,000. The firms total profits after interest and...

Answered: 1 week ago

Question

★★★★★

Why do you think women and men are represented in these ways in video games and on television?

Answered: 1 week ago

Question

★★★★★

Selected account balances for the year ended December 31 are provided below for Superior Company: Selling and administrative salaries?????????? $110,000 Insurance, factory???????????????..??? ? ?...

Answered: 1 week ago

Question

★★★★★

Accounting 213: Lab #8 for Chapter 9 - Payroll Accounting Name: Instructions: 1) use the information in Part A to complete the Payroll Register Table in Part B. Remember to use formulas when there is...

Answered: 1 week ago

Question

★★★★★

Question 21 Not yet answered Marked out of 1.00 Flag question Statement of cash flows includes: Select one: a. Social Activities b. Financing Activities c. Payment Activities Od. Capital Activity

Answered: 1 week ago

Question

★★★★★

A mix of three materials into a process produces 0.9 litres of a finished product, with 10% loss of input in the process. Standard material costs are as follows per 0.9 litres of output. Material $ X...

Answered: 1 week ago

Question

★★★★★

Complete Cogburn's December 31, Year 4, balance sheet using the information below. Each of the items may be reported as either a current or noncurrent liability. Enter the appropriate amounts in the...

Answered: 1 week ago

Question

★★★★★

1. Scroll Inc., a wholly-owned subsidiary of Pirn, Inc. began operations on January 1, 2019. The following information is from the condensed 2019 income statements of Pirn and Scroll: Pirn Scroll...

Answered: 1 week ago

Question

★★★★★

Making sure that time is dedicated to problem - solving and post - performance review is an explicit part of: - Supportive learning environment. - Learning processes and practices. - Managers...

Answered: 1 week ago

Question

★★★★★

High-Low Method, Cost Formulas The controller of the South Charleston plant of Ravinia, Inc., monitored activities associated with materials handling costs. The high and low levels of resource usage...

Answered: 1 week ago

Question

★★★★★

6. Give examples of when we give a situation a new name, the situation is perceived differently.

Answered: 1 week ago

Question

★★★★★

11. Take a familiar problem as your starting point. a) Frame the problem so that it promotes aggressive behaviour. b) Frame the problem so that it promotes defensive behaviour.

Answered: 1 week ago

Question

★★★★★

2. Give examples from your everyday life that understanding the context is crucial to how you act.

Answered: 1 week ago

Previous Question Next Question