Latest Questions & Answers

Q: Emory B. Perry, who represents numerous shareholders, owned stock

Emory B. Perry, who represents numerous shareholders, owned stock of The RAMP Corporation, a now-defunct company that developed communications technologies for the health care industry. Darryl R. Cohe...

Q: Richard Schoon was elected to the board of directors at the Troy

Richard Schoon was elected to the board of directors at the Troy Corporation, a private corporation in Delaware. There are three stock series of stock options. A series A share allows someone to elect...

Q: The Greek shipping company Ionia Management managed a 600-foot oil

The Greek shipping company Ionia Management managed a 600-foot oil tanker that delivered oil to ports along the eastern seaboard of the United States. During these deliveries, Ionia’s engine room crew...

Q: What is the business judgment rule?

What is the business judgment rule?

Q: Explain the primary duties of officers and directors.

Explain the primary duties of officers and directors.

Q: The county board of commissioners (the Board) entered into a

The county board of commissioners (the Board) entered into a memorandum of understanding (MOU) with a professional baseball team. The MOU obligated the team, among other things, to relocate to the cit...

Q: How is an ultra vires act related to a corporation’s powers?

How is an ultra vires act related to a corporation’s powers?

Q: H&R Block is one of the largest providers of incometax

H&R Block is one of the largest providers of incometax preparations and the second largest of online do-it-yourself software in the United States. In 2010, the tax preparer sought to buy out its rival...

Q: Name at least three characteristics that distinguish corporations from other forms of

Name at least three characteristics that distinguish corporations from other forms of business organization.

Q: Milburn Pierce was the sole proprietor of the Pierce Painting Company,

Milburn Pierce was the sole proprietor of the Pierce Painting Company, a painting contracting company with two employees in addition to Pierce. Pierce bought workers’ compensation insurance for his bu...