Shareholder Proposal Submission Rules

A(n) ________blank power of attorney is a written document, created by a principal, expressing his or her wishes for an agent's authority not to be affected by the principal's subsequent incapacity, or for the agent’s authority to become active only after a principal becomes incapacitated in any manner. Multiple Choice general specific localized durable equitable

The statute of frauds does not relate to fraudulent contracts. Group startsTrue or False

Bryan hired Gilman to work as his personal assistant. Their office environment is fast-paced, and per the terms of the hiring, Gilman can make many decisions for Bryan without seeking Bryan’s permission in advance. Gilman is a(n) ________blank. Multiple Choice incidental beneficiary principal agent independent contractor third-party beneficiary

Owners of ________blank stock enjoy preferences with respect to assets and dividends. Multiple Choice concentrated premium unconditional preferred common

Revenge. Jane, a first-year law student, while walking to school in inclement weather, accidentally slipped on ice knocking down Greg, another first-year law student, breaking his glasses. He was very angry with Jane and let the air out of one of her car tires. Greg also decided to sue Jane for negligence, claiming as damages $* for his broken glasses. He decided that he already knew all about the law and did not need a lawyer. Greg sued Jane in state court. Jane, in the same lawsuit, brought an action against Greg for letting the air out of her tire. At trial in state court, Jane told the judge that a friend, Susie, told her that she saw Greg let the air out of Jane's tire. The judge disallowed Jane's testimony on that issue. Susie, however, who was in the courtroom also came and testified to that effect. The state court judge ruled in favor of Jane. Greg said that he was not giving up and that he would seek double damages on appeal in federal court. Jane and Greg live in different states when not attending school. After trial, Jane reported Greg's actions in letting the air out of her tire to the police who said that they would proceed with a criminal action against Greg. Was the judge correct in disallowing Jane's testimony regarding what Susie told her about the tire? Multiple Choice No, the judge was wrong and should have considered that testimony Yes, the judge was correct to disallow the testimony because it involved a possible criminal action Yes, the judge was correct to disallow the testimony because it was hearsay Yes, the judge was correct to disallow the testimony because Susie's testimony was better evidence and she was in the courtroom Yes, the judge was correct to disallow the testimony because it was offered by a defendant, not an independent witness

Cat Chaser. Annette, who is angry because her neighbor William allows his dog to chase her cat, decides that she wants to get even. She moves a number of farm animals into her backyard and begins playing music at all hours of the night. She also steals a nice lawn chair off William's deck. She intends to keep the chair. Annette further took a rake off William's deck that she plans to return after she finishes raking her leaves. William did not give her permission to take the rake. William is unhappy about the whole situation and wants to sue. What action would William have against Annette for taking the rake? Multiple Choice Trespass to personal property Conversion Private nuisance Negligence Harassment

Cosmetic Profits. Sally is the executive vice president of Big Name Cosmetics Company. Through important and material, nonpublic information, she learns that the company is soon going to purchase a smaller chain of stores. It is expected that stock in Big Name Cosmetics will rise dramatically at that point. Sally immediately buys a number of shares of her company's stock. She also tells her friend Alice about the expected purchase of stores. Alice wanted to purchase stock in the company but lacked the funds with which to do so. Although she did not have the funds in Bank A, Alice decided to draw a check on Bank A and deposit the check in Bank B and then proceed to write a check on Bank B to cover the purchase of the stock. She hoped that she would have sufficient funds to deposit before the check was presented for payment. Of which of the following, if any, is Sally guilty of by providing information to Alice regarding the purchase? Multiple Choice She is guilty of an insider trading violation by tipping the information. She is guilty of an insider trading violation by being tipped. She is guilty of an insider trading violation by both tipping and being tipped. She is guilty of criminal extortion. She is not guilty of any offense.

Only the plaintiff may appeal a judge’s final judgment. Group startsTrue or False

Self-Centered President. Tina is the new president of "We Manage You," a corporation set up to manage physician practices. Tina has never been very concerned with minority shareholders because she does not believe that they have any influence over the company because they cannot even elect a director. She is told, however, that the corporation has a practice of cumulative voting. An election is coming up in which * directors will be elected. Minority shareholders own *,* shares while majority shareholders own *,* shares. Tina tells her vice president, George, that she wants to ignore minority shareholders and focus her interests on majority shareholders and the directors. She also tells George that she wants to be particularly conscientious toward directors because the directors appoint officers, and she does not believe that she owes any actual duties to shareholders. She further orders George to destroy some documents subpoenaed in a criminal investigation against the company for illegal tax evasion. When George protests, Tina tells him not to worry because officers cannot be held responsible for criminal actions so long as the actions are done as part of the officer's duties. She explains to him that only the corporation can be charged with liability in such cases. How many votes will the minority shareholders have in the election? Multiple Choice *,* *,* *,* *,* *,*

Which of the following are debts incurred in an initial contract? Multiple Choice Secondary obligations Primary obligations Novation agreements Collateral promises Suretyship promises

If there is a fixed face value noted on the stock certificate, ________blank is involved. Multiple Choice minimum value stock a stock dividend preferred stock par-value stock maximum value stock

Painted House. Billy had a contract to paint Jan's house for $* including the duty to clean up any debris. The contract between Billy and Jan did not contain an anti-assignment clause. Billy, who was very busy, assigned the contract, including the right to payment and the duty to paint, to Richard who was interested in making some extra money and had experience painting. Billy did not tell Jan about the assignment because he did not want any trouble, nor did Richard mention the assignment to her. In fact, Richard never met Jan because he painted while she was at work. After Richard did a good job painting the house, Jan sent a check to Billy for $*. Billy needed the money to pay some bills, so he spent it. He thought he would have money coming in with which to pay Richard, but that did not happen. Richard asked Jan for $* when it was not forthcoming from Billy. Jan refused. Richard said that he was going to sue her and Billy. Jan called Billy and told him that he had no right to assign the contract. Another problem involved disposal of debris. Although Richard was a good, competent painter, he forgot and left some old paint cans at Jan's house. Jan demanded that Billy come and properly dispose of the paint cans because they could not simply be put in the trash. Billy refused and told her that she would have to get Richard to dispose of the paint cans because that was his responsibility. What would be the likely result of a lawsuit brought by Richard against Billy to recover the $*? Multiple Choice Richard will win. Richard will win, but only if he had no reason to know that Billy had not given notice of the assignment to Jan and was, therefore, not on notice to notify Jan himself. Richard will win, but only if he can prove that he first brought a lawsuit against Jan and lost. Billy will win because Richard's only right of recourse is against Jan. Billy will win because Richard should have given notice to Jan himself.

Not only does the agent have to communicate offers from third parties, but the agent must also communicate any information the agent thinks could be important to the principal. This is known as the duty of notification. Group startsTrue or False

If mediation is not successful the parties must resort to litigation, and anything said during mediation cannot be used as evidence at trial. Group startsTrue or False

Jewel’s Fine Jewelry, Incorporated (Jewel’s) is incorporated in the state of Oklahoma but does business in Michigan, Illinois, and Tennessee. In Michigan, Illinois and Tennessee, Jewel’s would be considered a ________blank corporation. Multiple Choice hostile foreign domestic multistate non-taxable

The most common defense to battery is consent. Group startsTrue or False

Which of the following is not an exception to the statute of frauds? Multiple Choice An admission Promissory estoppel Partial performance Exceptions to the UCC Hearsay evidence

Bonds are: Multiple Choice types of common stock types of preferred stock certificates of deposit backed by the government debt securities

Hair Stylist Woes. Maryann went to see her hair stylist, Candy. Maryann, who had black, curly hair, requested straight, blond hair. Candy told her that she could make that change, but there would be significant upkeep involved. Candy made the change, but Maryann did not do the upkeep required. She also falsely claimed that Candy did not do what Maryann asked her to do, that Candy lied to her, and that Candy was professionally incompetent. Maryann made the statements to friends of hers. She also wrote an editorial in her college newspaper to the effect that Candy's shop should be avoided at all costs because Candy was incompetent. In fact, Candy was a good hair stylist and enjoyed a good reputation up until the time that Maryann started her criticism. Candy threatened to sue Maryann for defamation, but Maryann told Candy that Candy could not prevail because Candy could not prove loss of income. Candy had to admit that while her reputation had been damaged somewhat, the damage was primarily among the college population. Her income kept increasing from other segments of the community, and she had suffered no net loss. The defamation printed in the school newspaper would be which of the following? Multiple Choice Libel Slander Both libel and slander Neither libel nor slander because an editorial was involved Neither libel nor slander, because the falsehood involved matters of appearance, not business-related matters

A is a written document, signed by the creator of the document, that makes an unconditional promise or order to pay a certain sum of money, either on demand or at a definite time.

A [x] is a promise by a maker to pay a payee.

A [x] is a promise by a maker to pay a payee.

the answer should be one word

A [x] is an order given by a drawer to the drawee, which orders that the drawee pay a payee.

Which of the follow are requirements for negotiability? In writing Signed by the payee Conditional promise/order to pay Certain sum of money Payable at any time (no set date) Payable to order/bearer

[x] paper states a specific payee on the instrument.

"Order" paper is an instrument payable to any possessor of the instrument, whether the instrument specifically names the possessor as a payee or not. True False