A Private Company Does Not Need to Have Any Directors

question 89

True/False

A private company does not need to have any directors.

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Definitions:

Vertical Marketing Systems

A coordinated approach to distribution and marketing designed to bring products from production to the consumer through a unified channel of distribution.

Types

Varieties or categories into which people or things are classified based on common characteristics.

Negotiable Instrument

A paper confirming the promise to pay a certain sum of money, either immediately upon request or at a predetermined date, with the identity of the person making the payment specified on it.

Oral Negotiable

A verbal agreement that is intended to be binding but may lack the formal requirements of a written contract, particularly in the context of negotiable instruments.