Fashions,Inc

question 29

Multiple Choice

Fashions,Inc.has 12 shareholders.There is no shareholder agreement concerning the board of directors.The company is subject to the Model Act.How many directors is Fashions,Inc.required to have?

• A)None.
• B)One.
• C)Two.
• D)Five.

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Definitions:

Substituted Goods

Products or items offered in place of the original goods specified in a contract, often acceptable if they meet the contract's terms and intended use.

Mutually Exclusive

A condition where two events cannot both occur at the same time, often used in statistics and probability theory.

Remedies

The methods used to uphold a right or address and remedy the infringement or breach of a right.

Cumulative

Describing something that increases or accumulates over time by successive additions.