Orange, Inc. borrows money from Paul and is unable to pay him back because Orange, Inc. has made some bad, but not negligent, business decisions and no longer has sufficient capital to pay its debts. Assuming that Orange, Inc. has followed the requisite corporate formalities, whom can Paul successfully sue?
Miriam Corp. is a publicly traded Delaware corporation. Acco…
Miriam Corp. is a publicly traded Delaware corporation. According to its certificate of incorporation, its board has five directors. As of January 1, these five directors are Tim, Tom, Mary, Larry, and Clarinda. Tom, Mary, and Larry are Tim’s children. Tim does not have any ties to Clarinda.On February 1, Tim buys a parcel of real estate from Miriam Corp. for $1,000,000. At the time of the transaction, the market value of the property is $1,200,000.Before the relevant documents are signed, the transaction is approved by the board of Miriam Corp. At the relevant board meeting, which takes place on February 1, all directors are present, and four of them approve the transaction, with only Clarinda voting against it.On March 1, the annual shareholder meeting of Miriam Corp. takes place. Tim and Tom are reelected to the board. By contrast, Mary, Larry, and Clarinda are not reelected. In their stead, Matt, Joanne, and Justin are elected to the board. None of the three new directors has any ties to Tim, Tom, Marry, Larry, or Clarinda.Jill is a longtime shareholder of Miriam Corp. On April 1, Jill brings a derivative suit with the aim of making Tim pay damages to the corporation.Jill did not make any demand on the board of Miriam Corp. before filing her derivative suit. Jill owns 67% of the outstanding shares of Miriam Corp. Which, if any, of the following statements is correct?
If a shareholder opposes the political spending of a corpora…
If a shareholder opposes the political spending of a corporation in which she is invested, what is the best action can she take to express her dissent?
If Charles, a director in Chaz Corp., a publicly traded comp…
If Charles, a director in Chaz Corp., a publicly traded company, buys and sells shares in Chaz Corp. within a six-month period and is found liable for $3 million under section 16(b) of the 1934 Act, to whom will the $3 million be paid?
What is a typical responsibility of the board in relation to…
What is a typical responsibility of the board in relation to the company’s leadership team?
Match each term with the corresponding definition. Each res…
Match each term with the corresponding definition. Each response will only be used once.
All of the following are true of body temperature measuremen…
All of the following are true of body temperature measurement except:
Which of the following types of equipment can be used to tak…
Which of the following types of equipment can be used to take a patient’s blood pressure?
______ may be for mechanical ventilation or oxygen administr…
______ may be for mechanical ventilation or oxygen administration when the patient is suffering from inadequate ventilation.
Extreme elevations in blood pressure can damage the brain wi…
Extreme elevations in blood pressure can damage the brain within minutes. In addition, moderate degrees of high blood pressure can also cause damage to which of the following organs?