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In Montgomery Cellular Holding Co., Inc. v. Dobler, the case in the text, the court applied the ______ test to review competing valuations of minority shares.
Unocal test
any action of a corporation beyond its stated powers is void.
A decision has a logical connection to the facts.
true
Weinberger
The freeze-out of majority shareholders failed to meet the intrinsic fairness test.
the corporation
The MBCA Statutory Close Corporation Supplement grants the shareholders unlimited power to restrict the discretion of the boa
Which of the following is correct concerning the management of close corporations?
Unocal test
any action of a corporation beyond its stated powers is void.
A decision has a logical connection to the facts.
true
Weinberger
The freeze-out of majority shareholders failed to meet the intrinsic fairness test.
the corporation
The MBCA Statutory Close Corporation Supplement grants the shareholders unlimited power to restrict the discretion of the boa
The ______ recognizes that directors may be conflicted by their interest in saving their jobs, yet it allows directors to oppose the takeover if they mostly are concerned about protecting the company from the takeover’s threat to the company’s polici
Unocal test
any action of a corporation beyond its stated powers is void.
A decision has a logical connection to the facts.
true
Weinberger
The freeze-out of majority shareholders failed to meet the intrinsic fairness test.
the corporation
The MBCA Statutory Close Corporation Supplement grants the shareholders unlimited power to restrict the discretion of the boa
Generally, under the doctrine of respondeat superior, a corporation is liable for an employee's tort that is reasonably connected to the authorized conduct of the employee.
Unocal test
any action of a corporation beyond its stated powers is void.
A decision has a logical connection to the facts.
true
Weinberger
The freeze-out of majority shareholders failed to meet the intrinsic fairness test.
the corporation
The MBCA Statutory Close Corporation Supplement grants the shareholders unlimited power to restrict the discretion of the boa
If a shareholder is successful in a derivative suit, she is entitled to a reimbursement of her reasonable litigation expenses paid by:
Unocal test
any action of a corporation beyond its stated powers is void.
A decision has a logical connection to the facts.
true
Weinberger
The freeze-out of majority shareholders failed to meet the intrinsic fairness test.
the corporation
The MBCA Statutory Close Corporation Supplement grants the shareholders unlimited power to restrict the discretion of the boa
The ultra vires doctrine states that:
Unocal test
any action of a corporation beyond its stated powers is void.
A decision has a logical connection to the facts.
true
Weinberger
The freeze-out of majority shareholders failed to meet the intrinsic fairness test.
the corporation
The MBCA Statutory Close Corporation Supplement grants the shareholders unlimited power to restrict the discretion of the boa
In the case in the text, Coggins v. New England Patriots Football Club, Inc., the court held that:
Unocal test
any action of a corporation beyond its stated powers is void.
A decision has a logical connection to the facts.
true
Weinberger
The freeze-out of majority shareholders failed to meet the intrinsic fairness test.
the corporation
The MBCA Statutory Close Corporation Supplement grants the shareholders unlimited power to restrict the discretion of the boa
What is meant by rational basis?
Unocal test
any action of a corporation beyond its stated powers is void.
A decision has a logical connection to the facts.
true
Weinberger
The freeze-out of majority shareholders failed to meet the intrinsic fairness test.
the corporation
The MBCA Statutory Close Corporation Supplement grants the shareholders unlimited power to restrict the discretion of the boa
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