If the Corporate Bylaws Require a Minimum of Five Directors

question 12

Multiple Choice

If the corporate bylaws require a minimum of five directors to be present at each directors meeting, what happens if only two directors attend and they make a decision?

• A) The decision is invalid because a quorum was lacking.
• B) The decision is invalid because the directors did not have authority to vote
• C) The decision is invalid unless shareholders vote to ratify
• D) The decision is invalid because of a violation of the business judgment rule
• E) The decision is valid

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Definitions:

Hypersexuality

An excessive preoccupation with sexual fantasies, urges, or behaviors that is distressing or interferes with normal functioning.

Hypoactive Sexual Desire

A reduction in sexual desire or interest, which can significantly impact one’s quality of life and interpersonal relationships.

Patriarchal Societies

Societies that are structured with males as the primary authority figures, central to social organization, and where fathers hold authority over women, children, and property.

Procreation

The biological process of reproducing offspring; the act of bringing new life into existence.