Assessment, Ch. 41-44 second review

Match it! Select the correct answer from the pull down...Good luck!

Distributions of a corporation’s assets received by a shareholder with knowledge of their illegality may be recovered on behalf of the corporation.

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.

A corporation's sale of substantially all of the assets of the business must be approved by its shareholders.

Straight voting permits a single holder of more than 30 percent of the shares of a corporation to dominate the management of the corporation.

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

Some courts have held that certain shareholders are fiduciaries of each other. These are shareholders of:

After a merger, the first corporation remains liable for its debt.

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.