A controlling shareholder has a duty not to transfer the power of management to a purchaser that he knows or has reason to believe will use that power to the detriment of the corporation
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
A physical inventory is usually taken
a. in the middle of the fiscal year. b. at the peak of the busy season. c. at the end of the fiscal year. d. when the perpetual inventory system, but not the periodic inventory system, is being used.
Which is true?
A. The process of incident tracking involves reviewing all incidents to help ensure that they have been permanently resolved in a timely fashion and that steps have been taken to prevent similar incidents in the future. B. A mission statement is a formal document that describes the intentions and expectations of management. Missions may be developed with regard to incident escalation, ownership, or notification. C. Some service desks may check customer entitlement, which is the determination of whether the customer is authorized to receive support, and, if so, the level of support the customer should receive D. The incident management process typically does not including answering questions such as "How do I...?" or "When will my new pc arrive?," as this wastes valuable time that could be spent restoring service.
Under which of the following conditions does a promissory estoppel provide for the enforceability of an oral contract?
A) when the promise induces action or forbearance of action by another B) when the reliance on the oral promise was unforeseeable C) when enforcing the oral promise provides for faster resolution of the case D) when the oral promise provides for reduced damages to the defendant
Under the 1934 Act, willful violations may result in:
a. a fine of up to $10 million for an individual. b. imprisonment of up to no more than ten years. c. a fine of up to $25 million for a corporation. d. All of these.