A bond or debenture:
Question 2 options:
entitles the holder to vote
is a security evidencing an equity position
a security evidencing a debtor/creditor relationship
makes the corporation a creditor
In the case of Saloman v. Saloman & Co Ltd., Saloman was suing as:
Question 6 options:
a secured creditor of the corporation
a director of the corporation
a shareholder of the corporation
a creditor of the corporation
A shareholders agreement:
Question 8 options:
is a method by which a director is replaced
normally provides for the employment of shareholders by the company
is signed by the shareholders and all secured creditors
is a vehicle by which dividends and financial statements are generated
Directors do not have one of the following powers:
Question 9 options:
delegate responsibilities to appointed officers
dispense with shareholder meetings
call meetings of shareholders
declare dividends
In a corporation, management is delegated to:
Question 11 options:
shareholders an elected board of directors
a shareholders committee
employees