Derivative action Study guides, Class notes & Summaries

MRL2601 PORTFOLIO MEMO - MAY/JUNE 2023 - SEMESTER 1 - UNISA - (DETAILED ANSWERS - DISTINCTION GUARANTEED!) QUESTION 1 1.1 With reference to relevant legislation and case law, explain the legal consequences of the recognition of a company’s separate legal personality. (10) 1.2 Name the different types of companies that are provided for in the Companies Act 71 of 2008. (5) 1.3 Vela is a shareholder of Impala Ltd. The next annual general meeting will be held on 13 November 2023. Unfo...

Barth v. Barth Ans- Derivative & Direct Action against Corps. Hobby Lobby Ans- CBHO are extensions of individuals Head v. Henry Tyler Construction Corp. Ans- Partners are Jointly and severally liable Longhi v. Mazzoni Ans- Piercing the corporate veil Cantor v. Sunshine Greenery, Inc Ans- De facto Corp. - Valid law under which corporation might have been formed - Made a bona fide attempt to incorporate under that law, and - Actual exercise of corporate powers Williams v. Dugan Ans-...

Barth v. Barth (When can a TC treat an action raising Deriv claims as a Direct action from a shareholder?) Ans- a trial court in its discretion may treat an action raising derivative claims as a direct action from an individual shareholder, if it finds that to do so will not: (1) unfairly expose the corporation or the defendants to a multiplicity of action, (2) materially prejudice the interests of creditors of the corporation, or (3) interfere with a fair distribution of the recov...

What are closely held businesses? Ans- A small, privately held corporation with only a few shareholders, usually family members or other close associates. Shares are not generally traded in the securities market. Sole Proprietor Partnership Corporations Limited Partnership Limited Liability Partnerships Limited Liability Limited Partnerships Limited Liability Company What business obligations might a third party seek to recover? Ans- 1. Contract obligations. 2. Tort obligations. ...

Exam 2: NR222 / NR 222 (Latest Update 2024/ 2025) Health & Wellness Review| Complete Guide with Questions and Verified Answers| 100% Correct -Chamberlain Q: Health Promotion Model Extends the health belief model to include determinants of health promoting behaviour and includes self-efficacy theory Pender Q: Transtheoretical Model Answer: six stages in the change process: precontemplation, contemplation, preparation, action, maintenance, and termination Q: Health Belie...

NSG 6005 ADVANCED PHARMACOLOGY FINAL EXAM TEST BANK. ALL 46 CHAPTERS QUESTIONS FROM REAL EXAM 2023/24 UPDATE SOUTH UNIVERSITY   Chapter 1. The Role of the Nurse Practitioner Multiple Choice Identify the choice that best completes the statement or answers the question. 1. Nurse practitioner prescriptive authority is regulated by: 1. The National Council of State Boards of Nursing 2. The U.S. Drug Enforcement Administration 3. The State Board of Nursing for each state...

GICSP Encyclopedia v2 Question and answers rated A+ 2024 Industrial Control System (ICS) - correct answer A device or set of devices that managed commands directs or regulates the behaviour or other devices or system, bridges cyber to physical, a device that can influence the real world Relays - correct answer An electrically operated switch. Complicated to configure cumbersome and expensive Pneumatics - correct answer The technique of using gases for power transmission. Control Loops -...

What is a closely held business organization Ans- corporations that typically have relatively few shareholders and whose shares are not generally traded in the securities market.. *Public can't Participate What is a derivative action Ans- A law suit against a corporation that is brought by the shareholders against the corporation (the corp that suffers the injury, so the corp must bring the suit against the wrong doers) Example:Here the suit would be Barth Electric Co., Inc. v. Bar...

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