Barth v barth - Study guides, Class notes & Summaries

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...

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 Ans- Majority rule, however, majority owners have fiduciary duty to minority owners and business itself. In general, proper procedure for minority to challenge majority is a derivative action on behalf of the business. Bedrock Principle of Limited Liability Ans- Unless otherwise provided in the articles of incorporation, a shareholder of a corporation is not personally liable for the acts or debts of the corporation except that the shareholder may become personally li...

Which of the following is a closely-held business organization? Ans- Eli Lilly and Company (a large pharma company headquartered in Indianapolis). Cummins Inc. (a large engine manufacturer headquartered in Columbus, IN). Barnes & Thornburg LLP (a large law firm headquartered in Indianapolis). None of these answers is correct. In Burwell v. Hobby Lobby Stores, Inc., the U.S. Supreme Court held that Conestoga Wood Specialties Corporation and Hobby Lobby Stores, Inc.: Ans- Were protected ...

For Indiana corporations, the occurrence of a Disposition—meaning an Asset Sale or Stock Sale—is governed by the statute IC § 23-1-41-2. By default, the Board of Directors may approve, without shareholder input, any Disposition that is within the Ordinary Course of Business, meaning it leaves the company with Significant Continuing Business Activity (i.e. at least 25% of its Assets or Revenue). But if a Disposition does not fit this category, it must be approved at a Meeting by...

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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RELG 2650 Final Exam With 100% Correct Answers 2024 Justice: fair, equitable, and appropriate treatment in light of what is due or owed to persons (B&C, 250) Distributive justice: fair, equitable, and appropriate distribution of benefits and burdens determined by norms that structure the terms of social cooperation (B&C, 250) Principle of Formal Equality: equals must be treated equally, unequals must be treated unequally. (Common to all theories of justice, Aristotelian origins) "Tra...

CONCEPTUAL AND PRACTICAL APPROACHES TO THE ASSESSMENT OF ACCOUNTING PRACTICES ACCOUNTING DOCTORAL SCHOOL DOCTORATE THESIS CONTENTS INTRODUCTION 9 Motivation and the importance of research 10 The purpose and objectives of the research 11 Current state of knowledge 12 Research Methodology 14 CHAPTER 1. THEORETICAL APPROACHES OF VALUE AND EVALUATION 19 1.1. Discussions for development of accounting as a science 20 1.1.1. Early Periods ...

Development and test of a crop growth model for application within a Global Change decision support system V.I.S. Lenz-Wiedemann, C.W. Klar, K. Schneider∗ Department of Geography, University of Cologne, Albertus-Magnus-Platz, D-50923 Cologne, Germany art i cle info Article history: Received 28 May 2009 Received in revised form 18 September 2009 Accepted 5 October 2009 Available online 16 November 2009 Keywords: Crop growth model Global Change GECROS Agro-ecosystem...