Exam (elaborations)
RESA - RFBT PART 2 EXAM QUESTIONS WITH 100% VERIFIED ANSWERS
- Course
- Institution
RESA - RFBT PART 2 EXAM QUESTIONS WITH 100% VERIFIED ANSWERS...
[Show more]
Content preview
RESA - RFBT PART 2 EXAM QUESTIONSWITH 100% VERIFIED ANSWERS
b. 2/3 - ANSWER Any director or trustee of a corporation may be removed
from office by a vote of stockholders who own or represent 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 a provision in the bylaws governing
their compensation, the directors or trustees shall not be compensated in their
function as such, save for reasonable ________.
a. Honorariums
b. Talent fee
c. Per Diems
d. None of the above.
b. Solidarily - ANSWER Directors or trustees who willfully and knowingly vote
for or assent to patently illegal acts of the corporation, or who are guilty of gross
negligence or bad faith in directing the affairs of the corporation, or who acquire
any personal or pecuniary interest in conflict with their duty as directors or
trustees, shall be liable ______________ for all damages suffered by the
corporation, its stockholders or members, and other persons. B
a. Jointly
,b. Solidarily
c. Both A and B
d. None of the above.
c. 2/3 - ANSWER The board of directors may change, revoke, or adopt new
bylaws if the owners of _________ of the outstanding capital stock delegate this
authority to them.
a. 1/2
b. Majority
c. 2/3
d. 3/4
b. Majority - ANSWER The owners of _________ of the outstanding capital
stock may remove the board of directors' delegated authority to change or repeal
the bylaws.
a. 1/2
b. Majority
c. 2/3
d. 3/4
c. April 15 - ANSWER Regular meetings of stockholders or members shall be
held annually on a day specified in the bylaws, or, if not, on any date after
______ of each year as chosen by the board of directors or trustees.
, a. January 15
b. March 15
c. April 15
d. December 15
a. One - ANSWER Special meetings of stockholders or members may be held at
any time deemed necessary or as provided in the bylaws, provided that at least
______ week/s written notice is sent to all stockholders or members, unless a
different period is specified in the bylaws, law, or regulation.
a. One
b. Two
c. Three
d. Ten
b. 20% - ANSWER The boards of the following public-interest corporations
must have at least _______________ independent directors.
a. 10%
b. 20%
c. 30%
d. 50%
b. Six - ANSWER A person must be disqualified from serving as a director,
trustee, or officer of any company if, within five years before to the election or
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller luzlinkuz. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79064 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now