Questions from Business Law


Q: How does cumulative voting work?

How does cumulative voting work?

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Q: What are the limits on the shareholder’s right to inspect corporate records

What are the limits on the shareholder’s right to inspect corporate records and books?

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Q: Why is it incorrect to characterize a director as either an agent

Why is it incorrect to characterize a director as either an agent or a trustee of a corporation?

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Q: Why is the liability of a corporation limited with respect to its

Why is the liability of a corporation limited with respect to its agents’ and officers’ torts to those committed within the course and scope of employment?

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Q: What are the most common situations in which directors allegedly violate their

What are the most common situations in which directors allegedly violate their duty of loyalty?

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Q: What actions must a director or officer take to avoid liability when

What actions must a director or officer take to avoid liability when a corporation enters into a contract or engages in a transaction in which an officer or director has a material interest?

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Q: What sort of legal protection is offered to directors and officers by

What sort of legal protection is offered to directors and officers by the business judgment rule?

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Q: Why do courts in their application of the business judgment rule give

Why do courts in their application of the business judgment rule give significant deference (weight) to the decisions of corporate directors and officers?

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Q: Are directors entitled to be indemnified for any legal costs they incur

Are directors entitled to be indemnified for any legal costs they incur in defending suits against the corporation?

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Q: What is the most common way to terminate, or discharge,

What is the most common way to terminate, or discharge, a contract?

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