Law resa corporation - Study guides, Class notes & Summaries

2024/2025 LAW RESA Corporation Exam - Questions with Verified Answers, A Grade As regards the corporate by laws, which of the following is false? A. To adopt majority of the outstanding capital stock is needed B. To delegate to the BOD the power to amend, repeal, or adopt new by-laws, 2/3 of the outstanding capital stock C. To revoke the power delegated to the board to amend, repeal, or adopt new by-laws, 2/3 of the outstanding capital stock D. To amend, repeal or adopt new by-laws, majority o...

LAW -RESA-CORPORATION EXAM QUESTIONS WITH VERIFIED ANSWERS...

LAW-resa-corporation Practice Questions and Answers |100% Pass As regards the corporate by laws, which of the following is false? A. To adopt majority of the outstanding capital stock is needed B. To delegate to the BOD the power to amend, repeal, or adopt new by laws, 2/3 of the outstanding capital stock C. To revoke the power delegated to the board to amend, repeal, or adopt new by laws, 2/3 of the outstanding capital stock D. To amend, repeal or adopt new by-laws, majority of the outs...

RESA Partnership and Corporation Exam Questions and Answers|100% Pass A. A partnership is created by voluntary agreement of the partners, whereas a corporation is always created by some express legislative authority either in the form of a special law or of a general law. - Answer-What is an essential difference between a partnership and a corporation? A. A partnership is created by voluntary agreement of the partners, whereas a corporation is always created by some express legislative aut...

RESA - RFBT PART 2 QUESTIONS AND ANSWERS |100% PASS b. 2/3 - Answer-Any director or trustee of a corporation may be removed from office by a vote of the stockholders holding or representing at least ___________ of the outstanding capital stock. a. 1/2 b. 2/3 c. 3/4 d. All c. Per diems - Answer-In the absence of any provision in the bylaws fixing their compensation, the directors or trustees shall not receive any compensation in their capacity as such, except for reasonable ________. a...