Examlex
Which of the following is true, according to the text?
Breach
A breach is the violation or breaking of a law, duty, or obligation, either by engaging in an action that is prohibited or failing to perform a required act.
Fiduciary Duty
A legal obligation of one party to act in the best interest of another when managing financial assets or decisions for them.
Quorum
The minimum number of members that must be present at a meeting to make the proceedings of that meeting valid.
Shareholder Meetings
Gatherings of a corporation's shareholders, held to discuss company affairs, make decisions, and vote on corporate governance matters.
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