Mo and Flo are retirees who live in a cooperative. Describe their rights as members of the cooperative
What will be an ideal response?
Technically, Mo and Flo do not own a real estate interest in the co-op. Rather, the realty is owned by a corporation. Mo and Flo purchase stock in the corporation. This stock ownership includes the right to use and occupy a portion of the real estate owned by the corporation. As shareholders, Mo and Flo have the right to participate in the decision making of the corporation with regard to the operation, maintenance, upkeep and sale of additional shares in the corporation.
You might also like to view...
An enabling statute allows (enables) an administrative agency to carry out specified delegated powers.
Answer the following statement true (T) or false (F)
?To receive a Supplemental Security Income (SSI) basic monthly benefit, a person must:
A. ?Be 62 years old or older B. ?Have contributed to Social Security by working throughout their adult lives C. ?Not be eligible for food stamps, Medicaid, or Social Security D. ?Be a U.S. resident
The federal law regulating the government’s actions when collecting intelligence from foreign governments and their agents is ___________________.
Fill in the blank(s) with the appropriate word(s).
?a. promisee b. valid contract c. contract d. executed contract e. quasi contract f. unilateral contract g. promisor h. void contract i. express contract j. capacity The legal ability to enter into a contract.?
Fill in the blank(s) with the appropriate word(s).