Which of the Following Would a Court Most Likely Require

question 19

Multiple Choice

Which of the following would a court most likely require in order to find there is no legal impediment to Marion proceeding to pursue a corporate opportunity declined by the corporation in which she holds a fiduciary position?

• A) a resolution enacted by the corporation declining the corporate opportunity
• B) a consenting resolution passed by the directors of the corporation
• C) a consenting resolution passed by the shareholders of the corporation
• D) a resolution enacted by the corporation's consenting shareholders and directors

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Definitions:

Critical Path

The sequence of stages determining the minimum time needed to complete a project, where any delay affects the project's finish date.

Variance

A statistical measure that represents the dispersion or spread of a set of numbers, indicating how far each number in the set is from the mean.

Critical Path

The longest sequence of activities in a project plan which must be completed on time for the project to complete on due date.

Variance

A statistical measurement that represents the spread between numbers in a data set, indicating how much the numbers differ from the average value.