The ________ Advocates That a Greater Than Majority of Shares

question 20

Multiple Choice

The ________ advocates that a greater than majority of shares constitutes a quorum of the vote of the shareholders.

• A) supramajority requirement
• B) simple majority rule
• C) business judgment rule
• D) alter ego doctrine

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Definitions:

Sports Agents

Individuals who manage the careers of athletes, negotiating contracts and endorsement deals on their behalf.

Uniform Act

A standardized set of laws designed to be adopted by various jurisdictions to ensure consistency and harmony across state lines.

Fiduciary Capacity

A legal or ethical relationship of trust where one party, the fiduciary, acts in the best interest of another, typically in financial matters.

Independent Contractor

A person or entity contracted to perform work for another entity as a non-employee, typically responsible for their own taxes and benefits.