The Corporate Practice of Paying the Litigation Expenses of Officers

question 40

Multiple Choice

The corporate practice of paying the litigation expenses of officers and directors for lawsuits related to corporate affairs is legally described by which of the following terms?

• A) compensation
• B) indemnification
• C) ratification
• D) surety

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Definitions:

Xylem

Vascular tissue in plants that transports water and dissolved minerals from the roots to the rest of the plant.

Ancient Trees

Very old trees, often centuries or millennia in age, which can provide historical and environmental insights.

Crown

In dentistry, an artificial cover for a damaged or decayed tooth; in botany, the upper part of a tree, including branches and leaves.

Phloem

A type of vascular tissue in plants that transports sugars and other metabolic products downward from the leaves.