Cmcastuvia - Study guides, Class notes & Summaries
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CMCA Practice Exam|146 Questions| Correct Solutions| Verified!!
- Exam (elaborations) • 20 pages • 2023
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Quorum requirements conflicts are resolved by: 
a. state statute 
b. the board of directors 
c. a vote of those present at a meeting 
d. appointment of a person as a proxy - ANSWERSA 
 
Fidelity insurance provides coverage to ensure that the: 
a. board will meet its fiduciary obligations. 
b. manager will faithfully follow all document provisions. 
c. association will be covered for shortfalls in the reserve accounts. 
d. association will recover any funds lost through employee dishonesty - ANSW...
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