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Module Four Case Analysis Assignment 4-3

Chapter 38 Corporations: Formation and Financing
Chapter 39 Corporations: Directors, Officers & Shareholders
Chapter 40 Corporations: Mergers, Consolidations, Terminations

Chapter 38

Question 1 (pg. 847)

Q: delineate at least three characteristics that distinguish messs from other forms of demarcation organizations.

A: Three characteristics that distinguish deals from other forms of business organizations is iodine the free transferability of corporate shares where they can sell their shares or moderate them to charity. Second, the perpetual existence, which if shareholders die, connection dont dissolve. As good as if corporate directors or officers withdraw or die, the corporation continues to exist. Third, Centralized management shareholders elect a board of directors that, in turn, selects officers to manage the day-to-day business of the corporation.


Question 2 (pg. 847)

Q: refer between a closely held corporation and a publically held corporation.

A: The distinguish between these two corporations is that closely held corporation only offers stocks to family members and friends, were on the other hand publicly held corporation has their stocks available to the public.






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Chapter 39

Question 3 (pg. 868)

Q: What is the business judgment eclipser?

A: Business judgment rule is a rule that protects directors and officers and hold them not liable for decisions that harm the corporation if they were performing in a good faith at the time. Which it to a fault encourage individuals to serve as directors and grant directors freedom to invent without constant fear of personal liability.


Question 4 (pg. 868)

Q: What do you think the court decided in this case?

A: I think that the judgment will plead with the defendant

Q: What facts would the stockholders direct to present to convince the judge that the directors had in fact breached...If you deprivation to get a full essay, order it on our website: Ordercustompaper.com



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