Examlex
According to the Modigliani and Miller proof,capital structure is irrelevant to firm value because of ____________
Material Violation
A substantial breach of a contract or agreement that significantly undermines the contract's purpose or damages the interests of one of the parties involved.
Material Breach
a significant violation of a contractual agreement that permits the other party to the contract to demand remediation or terminate the agreement.
RMBCA
The Revised Model Business Corporation Act, which guides the incorporation and operation of corporations in many U.S. states.
Disinterested Directors
Board members who do not have a personal or financial interest in a corporate decision, ensuring unbiased governance.
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