Ultra vires - Study guides, Revision notes & Summaries

How is a corporation formed? - Answer A document, referred to as the "articles of incorporation" or "charter," must be filed with the state. Business-judgment rule - Answer In the absence of fraud, illegality, or self-dealing, courts will not disturb the good-faith judgment of the directors or officers of a corporation. Promoter liability pre-incorporation - Answer Promoter is personally liable for knowingly acting on behalf of corp before incorporation, and remains liable after ...

Characteristics of an effective justice system correct answers Right to be heard, right to a fair trial, right to know, right to an impartial jury. Rule of Law correct answers Characteristics of an effective justice system. Legislation correct answers Aka statutes; laws made by governments and is written. Common Law correct answers Aka Case Law; laws made by courts/judges and is a court decision. Levels of Government correct answers Federal, Provincial and Municipal. Parliamentary...

Bar Exam - Corporations (TX) 2023/2024 First sentence to include in every essay - ANSWER-All Texas corporations are governed by the Texas Business Organizations Code (TBOC). Formation Requirements - ANSWER-1. People: One or more organizers that execute the Certificate of Formation and deliver it to Secretary of State. 2. Paper: Certificate of Formation 3. Act: Organizers sign the certificate, deliver it to SoS, and pay required fee. SoS files it, and corporate existence begins = de jure ...

PA State Board of Funeral Directors Exam: Jurisprudence Questions and Answers Already Passed Official name of the Board State Board of Funeral Directors of the Departmnet of State of the Commonwealth How many members serve on the board? 9 How are members of the board appointed? Appointed by the Governor with advice and consent of the Senate. What are the qualifications of board members? Must be licensed funeral directors of good moral character who have practiced for 10 years ...

Administrative Law Cheskis Exam Actual Questions and Answers with complete solution Dr. Jones is an orthodontist with an extensive practice spanning more than 30 years. Recently, he has been accused by six of his patients of inappropriate touching while they are receiving orthodontia work from him. Which of the following is true? A. Dr. Jones may be criminally liable for assault B. Dr. Jones may be civilly liable for the unwanted touching C. Dr. Jones may have his license to provide ort...

articles of incorporation must include correct answer: -corp. name ("co.", "corp." or "Inc.") -# of shares -whether shareholders have preemptive rights -address of registered office -name of registered agent & written acceptance -name/address of incorporators -address of principal office ultra vires actions correct answer: C has a stated narrow purpose & engages in activities outside that purpose authorization of stock correct answer: typically by BD, can be done by SH st...

IOS2601 EXAM PACK 2022. IOS2601 - Interpretation Of Statutes It’s the juridical understanding of legislation; it deals with the body of rules and principles used to construct the correct meaning of legislative provisions to be applied in practical situations. Statutory interpretation is similar to the interpretation of wills = the author of the document can’t be called upon to clear up uncertainties in the text, concretising the text to be construed so as to cater for the exigencies o...

What is/are the most important document(s) that a code official and building department have to determine what the building or contractor is doing on site? I. Building Permit II. International Zoning Code III. International Building Code IV. Application for Building Permit I and IV only Reference(s): 2002 Legal Aspects of Code Administration pg. 32 Which of the following documents should not be accepted by a building department? A. The name and address of the contractor that...

ACC 480 Chapter 39 Exam Questions With 100% Correct Answers. A shareholder can sue a corporation, and a corporation can sue a shareholder. (True/False) - answerTrue Generally, a promoter is personally liable on a pre-incorporation contract. (True/False) - answerTrue A foreign corporation is a corporation formed in another country but doing business in the United States. (True/False) - answerFalse Any power set out in a corporation's charter or bylaws is ultra vires. (True/False) - ans...

Adjudication formal legal process to resolve a dispute 5000 years ago the evolution of modern building began earliest and most rudimentary of building codes was developed in the Babylonian Empire around 2000 BC In London, one of the earliest building codes the Assize of Buildings the great Chicago Fire was in what year 1871 fire lasted 2 days , killed 250 people, and destroyed 17,000 buildings great Chicago fire great diciding line in local governm...