Questions from Business Law

Q: How is an ultra vires act related to a corporation’s powers?

How is an ultra vires act related to a corporation’s powers?

Q: The county board of commissioners (the Board) entered into a

The county board of commissioners (the Board) entered into a memorandum of understanding (MOU) with a professional baseball team. The MOU obligated the team, among other things, to relocate to the cit...

Q: Explain the primary duties of officers and directors.

Explain the primary duties of officers and directors.

Q: What is the business judgment rule?

What is the business judgment rule?

Q: The Greek shipping company Ionia Management managed a 600-foot oil

The Greek shipping company Ionia Management managed a 600-foot oil tanker that delivered oil to ports along the eastern seaboard of the United States. During these deliveries, Ionia’s engine room crew...

Q: Richard Schoon was elected to the board of directors at the Troy

Richard Schoon was elected to the board of directors at the Troy Corporation, a private corporation in Delaware. There are three stock series of stock options. A series A share allows someone to elect...

Q: Emory B. Perry, who represents numerous shareholders, owned stock

Emory B. Perry, who represents numerous shareholders, owned stock of The RAMP Corporation, a now-defunct company that developed communications technologies for the health care industry. Darryl R. Cohe...

Q: What was the stimulus for the creation of securities regulation? State

What was the stimulus for the creation of securities regulation? State the purposes of the two main federal securities laws.

Q: The plaintiff commented that the defendants “intentionally or recklessly failed to

The plaintiff commented that the defendants “intentionally or recklessly failed to disclose a change in Japanese regulations that predictably reduced demand for the corporation’s products and services...

Q: A corporation, Platforms, held stock that was not registered with

A corporation, Platforms, held stock that was not registered with the SEC under the Securities Act of 1933. William Martin provided consulting to Platforms as an employee of a sole proprietorship call...