LEG 100 Week 9 Quiz

LEG 100 Week 9 Quiz | Assignment Help | Strayer University 

Course            Business Law I

Test     Week 9 Quiz 1

Question 1

Courts have long ruled that corporate directors and officers owe a fiduciary duty to                                

Question 2

At least once every three years, companies must take a nonbinding shareholder vote on the compensation of the five highest-paid executives. This is referred to as                                

Question 3

Blogs and social media ads must clearly indicate that they are, in fact, ads by including some equivalent of "ad" or "sponsored."                              

Question 4

The "business judgment rule" has been replaced by “good faith statutes” in most states.                         

Question 5

A proxy is a vote that is mailed in, like an absentee ballot.                             

Question 6

Which of the following is the most appropriate term to use when describing management's duty to its shareholders?                                  

Question 7

When a corporation accepts legal responsibility for a contract, it is called novation.                                

Question 8

MegaCorp is incorporated under Delaware law. It is registered to do business in New York. Legally, in New York MegaCorp is known as what kind of corporation?                                                 

Question 9

Consumers may keep as a gift any unordered merchandise that they receive in the mail.                         

Question 10

A manager used her position in the company to develop a new business the company might have pursued on its own. This is a breach of the