Questions from Business Law

Q: Some companies adopt a staggered board of directors as an antitakeover defense

Some companies adopt a staggered board of directors as an antitakeover defense. How does a staggered board affect cumulative voting?

Q: Corporate executives are not the only people to earn fabulous salaries.

Corporate executives are not the only people to earn fabulous salaries. Some athletes earn even more than CEOs. What is the difference between athletes and executives (besides a hook shot)?

Q: For several years, CSK Auto, Inc., fraudulently reported inflated

For several years, CSK Auto, Inc., fraudulently reported inflated earnings. During this period, Maynard Jenkins was the CEO. He was not involved in the fraud, however, and was never charged with a cri...

Q: Catherine suffered serious physical injuries in an automobile accident and became acutely

Catherine suffered serious physical injuries in an automobile accident and became acutely depressed as a result. One morning, she received a check for $17,400 in settlement of her claims arising out o...

Q: 1. At Business University, semester enrollment begins at midnight on

1. At Business University, semester enrollment begins at midnight on April 1. Jasper asked his roommate Alonso as a favor to register him for an important required course. Alonso agreed to do so but t...

Q: 1. When Brooke went to work at an advertising agency,

1. When Brooke went to work at an advertising agency, his employment contract stated that he was, “at will and could be terminated at any time.” After 28 months with the company, he was fired without...

Q: 1. For which of the following activities can a foreign sovereign

1. For which of the following activities can a foreign sovereign be sued? A. Operating a factory dangerously B. Issuing a law that discriminates against a certain group C. Suspending the civil rights...

Q: 1. Gregg Young, the CEO of BJY Inc., insisted

1. Gregg Young, the CEO of BJY Inc., insisted on calling Mamdouh El-Hakem “Manny” or “Hank” even when El-Hakem asked him not to. El-Hakem was of Arab heritage. Young argued that a “Western” name would...

Q: 1. A sole proprietorship: A. Must file a

1. A sole proprietorship: A. Must file a tax return B. Requires no formal steps for its creation C. Must register with the secretary of state D. May sell stock E. Provides limited liability to the ow...

Q: A bankrupt who owns a house has the option of either paying

A bankrupt who owns a house has the option of either paying the mortgage or losing his home. The court cannot reduce the amount owed; its choice is to discharge the entire debt or leave it whole. Cong...